Norwood Crossing Association

Analysis

Norwood Crossing Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1937, 89 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, Norwood Crossing Association reported income of $21.0m and spending of $23.7m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $23.0m to $21.0m (-8.7%), an average of -2.2% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Norwood Crossing Association sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Bread for the City Inc ($21.0m), Community Action Agency of South Central Michigan ($21.0m) and Independent Living Resource Center Inc ($21.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Other salaries and wages came to $9.7m. At year end it held assets of $29.0m against liabilities of $31.1m, net assets of -$2.1m. It reported 299 employees.