Arise Chicago

Analysis

Arise Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Arise Chicago reported income of $2.4m and spending of $1.4m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $949k to $2.4m (+153%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 135%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Arise Chicago sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Wake Enterprises Inc ($2.4m), People with Disabilities Succeeding ($2.4m) and Southwest Training Services Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $115k (8.5% of expenses). Other salaries and wages came to $795k. At year end it held assets of $2.3m against liabilities of $470k, net assets of $1.8m. It reported 15 employees.