Parole Illinois Inc

Analysis

Parole Illinois Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2022, 4 years ago. 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, Parole Illinois Inc reported income of $56k and spending of $64k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $70k to $56k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parole Illinois Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include Miami Breakers FC Foundation Inc ($56k), Garden State Theatre Organ Society Inc ($56k) and Abundant Ministries Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.