George Washington Carver Assn

Analysis

George Washington Carver Assn is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in August 1952, 74 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, George Washington Carver Assn reported income of $1.2m and spending of $1.3m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $229k to $1.2m (+438%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 129% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, George Washington Carver Assn sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Jefferson County Kids Inc ($1.2m), Nasry Michelen Day Care Center Inc ($1.2m) and Regional Integrated Human Services Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $73k (5.6% of expenses). Other salaries and wages came to $665k. At year end it held assets of $2.0m against liabilities of $730k, net assets of $1.2m. It reported 45 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.