Engstrom Services Inc

Analysis

Engstrom Services Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in July 1992, 34 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 June 2024, Engstrom Services Inc reported income of $2.4m and spending of $2.7m, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.3m to $2.4m (+6.6%), an average of +1.6% a year. The sharpest change came in the year to June 2023, when income rose by 113%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Engstrom Services Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include Neighborhood House of Milwaukee Inc ($2.4m), Open Arms Housing Inc ($2.4m) and Heart for Winter Haven ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $154k (5.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $6.3m against liabilities of $487k, net assets of $5.8m. It reported 47 employees.