Freeport Senior Housing II Inc

Analysis

Freeport Senior Housing II Inc is a registered charity in United States, based in Des Plaines, IL. It received its IRS tax-exemption ruling in April 1988, 38 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Freeport Senior Housing II Inc reported income of $386k and spending of $493k, spending 128% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $390k to $386k (-1.2%), an average of -0.3% a year. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Freeport Senior Housing II Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Gerber Hart Library and Archives ($386k), Izaak Walton League of America Inc ($386k) and Elk Riverview Terrace Apartments Inc ($386k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $81k. At year end it held assets of $2.1m against liabilities of $1.9m, net assets of $250k.

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.