Elms University Center

Analysis

Elms University Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2018, 8 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 December 2023, Elms University Center reported income of $428k and spending of $401k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $317k to $428k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elms University Center sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Richardson Daycare and Early Learning Center ($428k), First Presbyterian Christian Preschool ($428k) and Spokane Fatherhood Initiative ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $24k (6.0% of expenses). Other salaries and wages came to $125k. At year end it held assets of $415k against liabilities of $167k, net assets of $247k. It reported 9 employees.