Parkside of Morton Inc

Analysis

Parkside of Morton Inc is a registered charity in United States, based in Morton, IL. It received its IRS tax-exemption ruling in September 1993, 33 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, Parkside of Morton Inc reported income of $481k and spending of $594k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $475k to $481k (+1.4%), an average of +0.3% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 118% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parkside of Morton Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Our Home Inc ($481k), Project Feast ($481k) and Wild Horse Butte Community Development Corporation ($481k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Other salaries and wages came to $94k. At year end it held assets of $3.2m against liabilities of $6.7m, net assets of -$3.5m.

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.