North River Commission

Analysis

North River Commission is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1964, 62 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 2022, North River Commission reported income of $1.7m and spending of $1.6m, spending 96% of its income. Across the 5 years on record, from June 2019 to December 2022, income grew from $372k to $1.7m (+348%), an average of +46% a year. The sharpest change came in the year to June 2020, when income rose by 156%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, North River Commission sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Cumberland Economic Development Corporation ($1.7m), Work & Service Coalition ($1.7m) and Sabre Finance ($1.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. Other salaries and wages came to $625k. At year end it held assets of $1.3m against liabilities of $212k, net assets of $1.1m. It reported 21 employees.