Back of the Yards Neighborhood Council

Analysis

Back of the Yards Neighborhood Council is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1955, 71 years ago. 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, Back of the Yards Neighborhood Council reported income of $6.0m and spending of $5.2m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $6.0m (+48%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Back of the Yards Neighborhood Council sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include New York Therapeutic Communities Inc ($6.0m), Housing Development Corporation of Dekalb ($6.0m) and Greater Green Bay Habitat for Humanity ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $213k (4.1% of expenses). Other salaries and wages came to $923k. At year end it held assets of $6.7m against liabilities of $3.5m, net assets of $3.2m. It reported 189 employees.