Wheaton non-profits by total revenue in 2024: James P Banks Foundation leads

James P Banks Foundation was the highest-revenue non-profit in Wheaton, Illinois in 2024, with $37,679,459 in total revenue. Wheaton had 131 non-profits with available 2024 Form 990-series total revenue data; the 10 with the highest reported revenues are shown below. Among those organizations, average reported total revenue was $1,107,891. Those organizations reported $145,133,742 in combined total revenue.

The ranking reflects non-profits with available Form 990-series total revenue data that met the ranking's data criteria and may not include every non-profit in the city.

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.

Several ranked non-profits reported government grant revenue in 2024. St Luke'S Health Care Foundation reported $242,384 in government grants, accounting for 4.8% of its total revenue. Midwest Shelter for Homeless Veterans Inc. reported $3,308,059 from government grants, which was 72% of its total revenue.

Among the ranked organizations, Resourcing Christian Education International reported $475,080 in reportable compensation from related organizations and $21,909 in other compensation reported on the filing. St Luke'S Health Care Foundation reported $46,000 in reportable compensation from related organizations and $54,000 in other compensation. Midwest Shelter for Homeless Veterans Inc. reported $525,275 in reportable compensation from related organizations and $43,267 in other compensation.

Multiple organizations reported significant contributions and changes in asset levels. James P Banks Foundation reported $36,635,149 in total contributions and asset balances rose by 980.9% from the beginning to the end of 2024. Resourcing Christian Education International reported $8,021,257 in total contributions, including $10,549 in noncash contributions, with asset balances increasing by 2%. Midwest Shelter for Homeless Veterans Inc. reported $4,472,251 in total contributions, including $247,686 in noncash contributions, while its asset balances decreased by 7.3%.

For the James P Banks Foundation, total revenue in 2024 was $37,679,459, up from $458,737 in the prior year, an increase of $37,220,722 and 8113.7%. Heroic Hearts Organization Nfp reported $16,877,818, up from $8,156,306, an increase of $8,721,512 and 106.9%. In contrast, Resourcing Christian Education International's revenue was $8,144,341, down from $8,592,174, a decrease of $447,833 and 5.2%. Clayton Brown Family Foundation reported $6,582,566, down from $60,324,004, a decrease of $53,741,438 and 89.1%. St Luke'S Health Care Foundation reported $5,028,011, a decrease from $6,121,068, down $1,093,057 and 17.9%. Midwest Shelter for Homeless Veterans Inc. saw its revenue increase to $4,592,841 from $2,206,325, a rise of $2,386,516 and 108.2%. Mission Quest reported $3,997,031, up $259,833 (7%) from $3,737,198. The Harold C Smith Foundation To Promote Christianity's total revenue was $3,248,514, up $1,020,119 (45.8%) from $2,228,395. Operation Saturation Inc reported $3,053,898, up $866,607 (39.6%) from $2,187,291.

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.