Hyde Park Neighborhood Club

Analysis

Hyde Park Neighborhood Club is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1942, 84 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 June 2023, Hyde Park Neighborhood Club reported income of $1.7m and spending of $1.3m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $959k to $1.7m (+81%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hyde Park Neighborhood Club sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Womens Community Justice Association Inc ($1.7m), Park Community Credit Union Foundation Inc ($1.7m) and Cool Ministries ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $101k (8.0% of expenses). Other salaries and wages came to $633k. At year end it held assets of $2.3m against liabilities of $574k, net assets of $1.7m. It reported 26 employees.