Crystal Lake Preservation Corporation

Analysis

Crystal Lake Preservation Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Crystal Lake Preservation Corporation reported income of $1.0m and spending of $1.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $891k to $1.0m (+15%), an average of +3.7% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Crystal Lake Preservation Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Temporary Shelter Inc ($1.0m), Ascending to Health Respite Care Inc ($1.0m) and Brighton Housing Incorporated ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $139k. At year end it held assets of $2.7m against liabilities of $3.7m, net assets of -$1.0m.