Illinois Backstretch Charitable Foundation

Analysis

Illinois Backstretch Charitable Foundation is a registered charity in United States, based in North Riverside, IL. It received its IRS tax-exemption ruling in August 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, Illinois Backstretch Charitable Foundation reported income of $125k and spending of $97k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $25k to $125k (+398%), an average of +398% a year. The sharpest change came in the year to December 2023, when income rose by 398%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Illinois Backstretch Charitable Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within IL. Charities of a similar size with the same main cause include Friends of Downtown Demopolis ($124k), Veterans for Veterans of Archuleta County ($125k) and Momentum ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.