Bickerdike Redevelopment Corporation

Analysis

Bickerdike Redevelopment Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1972, 54 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bickerdike Redevelopment Corporation reported income of $9.5m and spending of $5.4m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.1m to $9.5m (+85%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 285%. Over the whole period it spent 49% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bickerdike Redevelopment Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Hope Center Inc ($9.4m), Dock Acres Inc ($9.5m) and Shelterhouse Volunteer Group ($9.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $989k (18% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $96.7m against liabilities of $844k, net assets of $95.9m. It reported 97 employees.