Greencastle of Sterling Inc

Analysis

Greencastle of Sterling Inc is a registered charity in United States, based in Oak Brook, IL. It received its IRS tax-exemption ruling in May 1998, 28 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, Greencastle of Sterling Inc reported income of $437k and spending of $498k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $401k to $437k (+8.8%), an average of +2.1% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greencastle of Sterling Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Assembly Terrace Inc ($437k), Access Senior Housing of Willington Inc ($437k) and Rochester Senior Housing Inc ($436k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $136k. At year end it held assets of $1.5m against liabilities of $38k, net assets of $1.4m.

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.