Employees Community Fund of the Boeing Company

Analysis

Employees Community Fund of the Boeing Company is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Employees Community Fund of the Boeing Company reported income of $5.0m and spending of $7.6m, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $5.0m (+143%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 571%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Employees Community Fund of the Boeing Company sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Fontenelle Forest ($5.0m), Justice in Aging ($5.0m) and Lirio Resources Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5.9m against liabilities of $236k, net assets of $5.6m.

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.