Kathleen & Charles Walgreen III Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Kathleen & Charles Walgreen III Foundation is a 501(c)(3) organization based in Frankfort, Illinois, registered in 1987, with $415,469 in FY2024 revenue. CharityIndex grades it F.
Fh Assoc 20940 S Frankfort Sq Rd, Frankfort, IL, 60423 EIN 36-3486435 Since 1987
Revenue (FY2024)
$415K
▲ 42.4% vs prior year
Expenses (FY2024)
$774K
Net assets
$1.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Kathleen & Charles Walgreen III Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating24 mo reserves · -86% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Kathleen & Charles Walgreen III Foundation: 24 mo reserves · -86% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Kathleen & Charles Walgreen III Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Kathleen & Charles Walgreen III Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $343K (FY2013) to $415K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2,950Net assets $1.5M
Operating margin
-86.4%
Spent more than it raised in the latest fiscal year.
Total assets
$1.5M
Total liabilities
$2,950
Net assets
$1.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $415,469▲42.4% | $774,234▲121% | $1,539,867▼18.9% | $1,542,817▼18.7% | 990PF |
| 2023 | $291,825▼59.8% | $349,675▲19.5% | $1,898,694▼3.9% | $1,898,694▼3.9% | 990PF |
| 2022 | $725,219▲2.0% | $292,521▼79.8% | $1,975,540▲28.0% | $1,975,540▲28.0% | 990PF |
| 2021 | $710,919▲749% | $1,448,463▲279% | $1,543,699▼32.3% | $1,543,699▼32.6% | 990PF |
| 2020 | $83,692▼8.3% | $381,700▼30.3% | $2,281,709▼11.7% | $2,289,659▼11.4% | 990PF |
| 2019 | $91,305▼55.6% | $547,557▲50.1% | $2,583,163▼15.0% | $2,583,163▼15.0% | 990PF |
| 2018 | $205,745▲34.7% | $364,788▼30.0% | $3,037,827▼4.9% | $3,037,827▼4.9% | 990PF |
| 2017 | $152,700▼65.9% | $520,835▲3.7% | $3,195,894▼10.3% | $3,195,894▼10.3% | 990PF |
| 2016 | $447,714▲20.5% | $502,411▼3.4% | $3,564,029▼1.5% | $3,564,029▼1.5% | 990PF |
| 2015 | $371,687▼23.8% | $520,075▼3.9% | $3,618,112▼4.0% | $3,618,112▼4.0% | 990PF |
| 2014 | $487,694▲42.3% | $541,229▼0.2% | $3,769,144▼1.3% | $3,769,144▼1.3% | 990PF |
| 2013 | $342,761 | $542,212▲28.7% | $3,817,829▼5.0% | $3,817,829▼5.0% | 990PF |
| 2012 | — | $421,177 | $4,017,280 | $4,017,280 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Kathleen & Charles Walgreen III Foundation a legitimate nonprofit?
- Yes. Kathleen & Charles Walgreen III Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-3486435, based in Frankfort, Illinois. Donations are tax-deductible.
- What is Kathleen & Charles Walgreen III Foundation's EIN?
- Kathleen & Charles Walgreen III Foundation's Employer Identification Number (EIN) is 36-3486435.
- How much revenue does Kathleen & Charles Walgreen III Foundation report?
- Kathleen & Charles Walgreen III Foundation reported $415,469 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Kathleen & Charles Walgreen III Foundation have?
- CharityIndex grades Kathleen & Charles Walgreen III Foundation F, based on financial health (reserves and operating margin).
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Data for Kathleen & Charles Walgreen III Foundation (EIN 36-3486435) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.