Ravenswood Community Services Inc

Analysis

Ravenswood Community Services Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Ravenswood Community Services Inc reported income of $927k and spending of $925k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $648k to $927k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2020, when income rose by 50%. 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, Ravenswood Community Services Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Cape Coral Caring Center Inc ($926k), New London Area Food Pantry ($927k) and Poetic ($926k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $73k (7.9% of expenses). Other salaries and wages came to $80k. At year end it held assets of $842k against liabilities of $119, net assets of $842k. It reported 5 employees.