Selfreliance Association

Analysis

Selfreliance Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2022, 4 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 December 2023, Selfreliance Association reported income of $1.6m and spending of $1.8m, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $741k to $1.6m (+114%), an average of +114% a year. The sharpest change came in the year to December 2023, when income rose by 114%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Selfreliance Association sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Rochdale Village Social Services Inc ($1.6m), Project Bridges Day Care Center and Preschool Inc ($1.6m) and Community Coordinated Child Care 4-C S Committee of Johnson County ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $124k (6.9% of expenses). Other salaries and wages came to $880k. At year end it held assets of $468k against liabilities of $200k, net assets of $268k. It reported 24 employees.