Charles Simeon TR

Analysis

Charles Simeon TR is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 August 2023, Charles Simeon TR reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.3m to $1.8m (-23%), an average of -6.4% a year. The sharpest change came in the year to August 2022, when income dropped by 33%. Over the whole period it spent 63% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Charles Simeon TR sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Emet Veshalom ($1.8m), Bethlehem Bible Co Inc ($1.8m) and American Friends of Torah and Tefilah Ramat Eshkol Inc ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 67% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $66k (3.9% of expenses). Other salaries and wages came to $631k. At year end it held assets of $4.4m against liabilities of $0, net assets of $4.4m. It reported 20 employees.