Wheeling Township Emergency Fund Inc

Analysis

Wheeling Township Emergency Fund Inc is a registered charity in United States, based in Arlington Heights, IL. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Wheeling Township Emergency Fund Inc reported income of $158k and spending of $34k, leaving 78% of income unspent that year. Across the 4 years on record, from February 2021 to February 2024, income fell from $388k to $158k (-59%), an average of -26% a year. The sharpest change came in the year to February 2022, when income dropped by 59%. Over the whole period it spent 36% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wheeling Township Emergency Fund Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include Nextgen Talent Inc ($158k), Audubon Partnership for Economic Development Local Dev Corporation ($158k) and Southern Illinios Coal Belt Champion Community Inc ($158k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 93% of the total. At year end it held assets of $822k against liabilities of $0, net assets of $822k.