Illinois Hispanic Chamber of Commerce Foundation

Analysis

Illinois Hispanic Chamber of Commerce Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 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 (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, Illinois Hispanic Chamber of Commerce Foundation reported income of $182k and spending of $232k, spending 127% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $125k to $182k (+45%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 138% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Illinois Hispanic Chamber of Commerce Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include Village Hope Partnership Inc ($182k), Upstate Pride SC ($182k) and Shower the People ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $125k against liabilities of $12k, net assets of $114k.