Great Lakes Cities Initiative

Analysis

Great Lakes Cities Initiative is a registered charity in United States, based in New Lenox, IL. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, 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, Great Lakes Cities Initiative reported income of $1.4m and spending of $1.4m, spending 101% of its income. Across the 6 years on record, from August 2019 to December 2023, income grew from $417k to $1.4m (+233%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 185%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Great Lakes Cities Initiative sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Children of Inmates Inc ($1.4m), Community Work Services Inc ($1.4m) and Salt Lake City Rotary Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $181k (13% of expenses). Other salaries and wages came to $364k. At year end it held assets of $685k against liabilities of $80k, net assets of $605k. It reported 7 employees.