Chi Ishobak Inc

Analysis

Chi Ishobak Inc is a registered charity in United States, based in Dowagiac, MI. It received its IRS tax-exemption ruling in March 2012, 14 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, Chi Ishobak Inc reported income of $4.1m and spending of $672k, leaving 84% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $4.1m (+182%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 25% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chi Ishobak 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 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Twin Cities Rise ($4.1m), Renaissance Economic Development Corporation ($4.1m) and Goodwill Commercial Services Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $159k (24% of expenses). Other salaries and wages came to $99k. At year end it held assets of $13.0m against liabilities of $1.6m, net assets of $11.4m. It reported 4 employees.