Lincoln Park Village Inc

Analysis

Lincoln Park Village Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lincoln Park Village Inc reported income of $670k and spending of $661k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $369k to $670k (+82%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 112%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lincoln Park Village Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Bring the Light Ministries ($670k), End Poverty Now Inc ($670k) and North Fairmount Community Center ($670k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $153k (23% of expenses). Other salaries and wages came to $252k. At year end it held assets of $1.1m against liabilities of $9,282, net assets of $1.1m. It reported 9 employees.