Palatine Township Needy Family Fund Inc

Analysis

Palatine Township Needy Family Fund Inc is a registered charity in United States, based in Palatine, IL. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 February 2022, Palatine Township Needy Family Fund Inc reported income of $283k and spending of $146k, leaving 48% of income unspent that year. Across the 3 years on record, from February 2020 to February 2022, income grew from $176k to $283k (+61%), an average of +27% a year. The sharpest change came in the year to February 2021, when income rose by 236%. Over the whole period it spent 42% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Palatine Township Needy Family Fund Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Lutheran Senior Housing of Cheboygan ($283k), Hands Across the Valley Inc ($283k) and The Community Survival Center Inc ($283k).

On its Form 990 for the period ending February 2022, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.