HCP of Illinois Inc

Analysis

HCP of Illinois Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, HCP of Illinois Inc reported income of $3.3m and spending of $3.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.3m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, HCP of Illinois Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Colettes Children Home Inc ($3.3m), Nu-Dimensions Inc ($3.3m) and Freedom House ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (3.0% of expenses). Other salaries and wages came to $823k. At year end it held assets of $1.6m against liabilities of $1.0m, net assets of $606k. It reported 20 employees.