Beverly Area Planning Association

Analysis

Beverly Area Planning Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1973, 53 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Beverly Area Planning Association reported income of $584k and spending of $608k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $584k to $584k (-0.0%), an average of +-0.0% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Beverly Area Planning Association sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Family Life Community Development Corporation ($583k), Built Oregon ($584k) and Win Win Network ($583k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $87k (14% of expenses). Other salaries and wages came to $114k. At year end it held assets of $959k against liabilities of $14k, net assets of $945k. It reported 4 employees.