Presbyterian Homes

Analysis

Presbyterian Homes is a registered charity in United States, based in Skokie, IL. It received its IRS tax-exemption ruling in December 2014, 12 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 March 2024, Presbyterian Homes reported income of $111.8m and spending of $98.0m, spending 88% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $88.1m to $111.8m (+27%), an average of +6.1% a year. The sharpest change came in the year to March 2024, when income rose by 15%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Presbyterian Homes sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include The Young Mens Christian Association of the Triangle Area I ($111.7m), International Food Policy Research Institute ($112.1m) and Brockton Area Multi-Services Inc ($111.6m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 4.1% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $2.6m (2.6% of expenses). Other salaries and wages came to $35.5m. At year end it held assets of $466.9m against liabilities of $349.3m, net assets of $117.5m. It reported 1,021 employees.