51st Street Business Association

Analysis

51st Street Business Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2011, 15 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, 51st Street Business Association reported income of $174k and spending of $174k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $186k to $174k (-6.5%), an average of -3.3% a year. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 51st Street Business Association sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include Greater Pell City Rotary Club Community Endowment Foundation ($174k), Dodgeville Revitalization Program ($174k) and Clothes the Deal ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $54k (31% of expenses). At year end it held assets of $35k against liabilities of $0, net assets of $35k.