Mayslake East Wing

Analysis

Mayslake East Wing is a registered charity in United States, based in Oakbrook, IL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2024, Mayslake East Wing reported income of $2.0m and spending of $1.9m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $2.0m (+49%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mayslake East Wing sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Concorse Gardens Housing Development Fund Company Inc ($2.0m), Center for Community Advocacy ($2.0m) and Connecticut Cancer Foundation Inc ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $463k. At year end it held assets of $10.9m against liabilities of $16.8m, net assets of -$5.9m. It reported 39 employees.