Greencastle of Palatine Inc

Analysis

Greencastle of Palatine Inc is a registered charity in United States, based in Oak Brook, IL. It received its IRS tax-exemption ruling in June 1964, 62 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greencastle of Palatine Inc reported income of $1.0m and spending of $1.1m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $416k to $1.0m (+143%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 105%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greencastle of Palatine Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Tailhook Educational Foundation Inc ($1.0m), Guernsey Industries ($1.0m) and San Diego Civic Youth Ballet Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $273k. At year end it held assets of $2.7m against liabilities of $45k, net assets of $2.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.