Mayors Community Charity Ball

Analysis

Mayors Community Charity Ball is a registered charity in United States, based in Addison, IL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Mayors Community Charity Ball reported income of $51k and spending of $50k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $67k to $51k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mayors Community Charity Ball sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within IL. Charities of a similar size with the same main cause include Cleveland Rotary Foundation ($51k), National Coalition of 100 Black Women South Palm Beach County ($51k) and Zichron Avrohom Yosef Foundation ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $4,086 against liabilities of $0, net assets of $4,086.