Greencastle of Loves Park Inc

Analysis

Greencastle of Loves Park Inc is a registered charity in United States, based in Oak Brook, IL. It received its IRS tax-exemption ruling in July 2000, 26 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 Loves Park Inc reported income of $585k and spending of $648k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $537k to $585k (+9.1%), an average of +2.2% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greencastle of Loves Park Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Creek Forest Apartments Inc ($585k), North Bergen Renaissance Corporation ($585k) and Mental Health Programs Inc - XII ($585k).

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 $176k. At year end it held assets of $1.8m against liabilities of $41k, net assets of $1.7m.

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.