Chatham Business Association Inc

Analysis

Chatham Business Association Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chatham Business Association Inc reported income of $1.5m and spending of $267k, leaving 83% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $249k to $1.5m (+521%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 325%. Over the whole period it spent 49% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chatham Business Association Inc 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 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Governor Bob Orr Indiana Entrepreneurial Fellowship ($1.5m), Alfred Technology Resources Inc ($1.5m) and Ideal Industries Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.