Marengo Area Outreach Enterprises

Analysis

Marengo Area Outreach Enterprises is a registered charity in United States, based in Marengo, IL. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Marengo Area Outreach Enterprises reported income of $91k and spending of $128k, spending 141% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $172k to $91k (-47%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marengo Area Outreach Enterprises sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within IL. Charities of a similar size with the same main cause include Homeless Hookup ($91k), Community Christian 25c Store ($91k) and Neighbor to Neighbor Door County Volunteers ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $490k against liabilities of $0, net assets of $490k.