Illinois Presbyterian Home

Analysis

Illinois Presbyterian Home is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in August 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Illinois Presbyterian Home reported income of $3.6m and spending of $3.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.6m (+77%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Illinois Presbyterian Home sits at the 88th percentile: it is larger than about 88% 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 New Jersey YMCA State Alliance Inc ($3.6m), Alpha Management Community Services Inc ($3.6m) and Dion S Chicago Dream Inc NFP ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $100k (2.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $12.7m against liabilities of $5.5m, net assets of $7.2m. It reported 66 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.