Mrelief

Analysis

Mrelief is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2016, 10 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 June 2024, Mrelief reported income of $4.1m and spending of $4.7m, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.2m to $4.1m (+82%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 155%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mrelief sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Youth Investment Foundation ($4.1m), Suburban Hospice Inc ($4.1m) and Transition Services Inc ($4.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $166k (3.5% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $2.0m against liabilities of $262k, net assets of $1.8m. It reported 29 employees.

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.