Long Grove Business and Communitypartners

Analysis

Long Grove Business and Communitypartners is a registered charity in United States, based in Long Grove, IL. It received its IRS tax-exemption ruling in September 2008, 18 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, Long Grove Business and Communitypartners reported income of $1.5m and spending of $1.4m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $720k to $1.5m (+107%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 282%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Long Grove Business and Communitypartners sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Park Central Development Corporation ($1.5m), Community Alternative Residential Environments Inc ($1.5m) and Qualitative Solutions ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $83k. At year end it held assets of $533k against liabilities of $126k, net assets of $407k. It reported 3 employees.