Federacion de Clubes Michoacanos En Illinois

Analysis

Federacion de Clubes Michoacanos En Illinois is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2006, 20 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, Federacion de Clubes Michoacanos En Illinois reported income of $2.7m and spending of $2.5m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $269k to $2.7m (+913%), an average of +78% a year. The sharpest change came in the year to December 2020, when income rose by 469%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Federacion de Clubes Michoacanos En Illinois sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Wyoming Independent Living Incorporated ($2.7m), Crisis Assistance Center ($2.7m) and Family Service Agency of the Central Coast ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $93k (3.8% of expenses). Other salaries and wages came to $731k. At year end it held assets of $2.1m against liabilities of $908k, net assets of $1.2m. It reported 21 employees.