Dixon Old Peoples Home Fund

Analysis

Dixon Old Peoples Home Fund is a registered charity in United States, based in Dixon, IL. It received its IRS tax-exemption ruling in September 1965, 61 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 December 2023, Dixon Old Peoples Home Fund reported income of $3.7m and spending of $4.5m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $3.7m (-1.8%), an average of -0.4% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dixon Old Peoples Home Fund sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Easter Seal Society of South Carolina Inc ($3.7m), University of Iowa Research Foundation ($3.7m) and Boys and Girls Club of McAllen Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.6% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $148k (3.3% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $10.5m against liabilities of $260k, net assets of $10.3m. It reported 122 employees.

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.