C E F S Economic Opportunity Corp

Analysis

C E F S Economic Opportunity Corp is a registered charity in United States, based in Effingham, IL. It received its IRS tax-exemption ruling in June 1973, 53 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 August 2023, C E F S Economic Opportunity Corp reported income of $25.4m and spending of $25.1m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $19.5m to $25.4m (+30%), an average of +6.8% a year. The sharpest change came in the year to August 2021, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, C E F S Economic Opportunity Corp sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Hockomock Young Mens Christian Association Inc ($25.3m), Bair Foundation ($25.4m) and Immigrant Legal Resource Center ($25.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $301k (1.2% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $9.8m against liabilities of $2.7m, net assets of $7.1m. It reported 340 employees.