Community Initatives Inc

Analysis

Community Initatives Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Community Initatives Inc reported income of $4.8m and spending of $4.6m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.9m to $4.8m (+23%), an average of +5.2% a year. The sharpest change came in the year to September 2023, when income rose by 112%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Initatives Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Westchester Residential Opportunities Inc ($4.8m), C O R E Programs Inc ($4.8m) and Homes in Partnership Inc ($4.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $18.8m against liabilities of $14.6m, net assets of $4.2m.