River North Residents Association

Analysis

River North Residents Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, River North Residents Association reported income of $201k and spending of $145k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $93k to $201k (+117%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 182%. Over the whole period it spent 118% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, River North Residents Association sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Alliance Area Development Foundation ($201k), Creston Neighborhood Association ($201k) and Rolland Curtis Commercial Qalicb Inc ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 46% of the total. At year end it held assets of $224k against liabilities of $0, net assets of $224k.