St Edmunds Tower Inc

Analysis

St Edmunds Tower Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1995, 31 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending December 2023, St Edmunds Tower Inc reported income of $885k and spending of $986k, spending 111% of what it took in. Over the whole period it spent 222% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Edmunds Tower Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include New York State Dispute Resolution Association Inc ($885k), Western Avenue Community Center ($885k) and East Mississippi Junior College Development Foundation ($885k).

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 $2.1m against liabilities of $4.7m, 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.