Western Egyptian Economic Opportunity Council Inc

Analysis

Western Egyptian Economic Opportunity Council Inc is a registered charity in United States, based in Steeleville, IL. It received its IRS tax-exemption ruling in December 1966, 60 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 April 2024, Western Egyptian Economic Opportunity Council Inc reported income of $12.0m and spending of $12.1m, spending 100% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $7.4m to $12.0m (+62%), an average of +13% a year. The sharpest change came in the year to April 2022, when income rose by 29%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Western Egyptian Economic Opportunity Council Inc 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 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Alternative Community Resource Program Inc ($12.0m), Fayette County Community Action Agency Inc ($12.0m) and Cortland County Community Action Program Inc ($12.0m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $172k (1.4% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.5m against liabilities of $2.3m, net assets of $248k. It reported 96 employees.