Westmont 2024: The Ace Project Inc posts largest year-over-year increase in government grant revenue

In Westmont, Illinois, during the 2024 tax year, The Ace Project Inc reported the largest year-over-year increase in government grant revenue. The organization reported $681,380 in government grants for 2024, up from $244,163 in 2023, representing an increase of $437,217. This change amounted to a 179.1% increase over the prior year.

The ranking reflects non-profits with available IRS Form 990-series government grant revenue data for both the tax year shown and the immediately preceding year, and may not include every non-profit in the city. The figures are reported historical amounts; a large percentage increase can reflect a small prior-year base.

The ranking is based on IRS Form 990 filings, the annual information returns most tax-exempt organizations file with the IRS. The form includes reported revenue, expenses, assets, governance information and compensation paid to certain people, making it a public source for comparing large tax-exempt organizations' finances.

The figures reflect what each organization reported for its filing year, including total revenue, contributions, government grants, compensation, the number of employees and assets at the start and end of the year. Because nonprofits can differ by mission, structure and accounting period, the totals are best read as reported financial measures, not as a direct measure of local charitable activity.

The Ace Project Inc reported that government grants represented 83.4% of its total revenue for 2024. Its total revenue was $817,447, compared to $622,715 in 2023, reflecting a revenue increase of $194,732. Breath Of Life Professional Service reported that government grants accounted for 100.0% of its total revenue in 2024, while Usaga United States Adaptive Golf Alliance reported a 13.6% share of total revenue from government grants.

In terms of assets, The Ace Project Inc had beginning assets of $202,944 and ending assets of $215,986 for 2024, a 6.4% increase. Breath Of Life Professional Service reported beginning assets of $1,319,338 and ending assets of $1,454,423, an increase of 10.2%. Usaga United States Adaptive Golf Alliance reported beginning assets of $111,898 and ending assets of $176,159, a 57.4% increase. The Ace Project Inc also reported total contributions of $817,447 for the year, while Breath Of Life Professional Service reported $497,562 and Usaga United States Adaptive Golf Alliance reported $358,433.

Tax-exempt organizations include a wide range of groups, such as charities, foundations, educational institutions and other mission-driven organizations. Under IRS rules, 501(c)(3) organizations must be organized and operated for exempt purposes, and their earnings cannot benefit private shareholders or individuals.