Community and Economic Development Association of Cook County Inc

Analysis

Community and Economic Development Association of Cook County Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1966, 60 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 (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, Community and Economic Development Association of Cook County Inc reported income of $262.5m and spending of $258.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $126.5m to $262.5m (+108%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community and Economic Development Association of Cook County Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IL. Charities of a similar size with the same main cause include Goodwill Industries of the Columbia Willamette ($211.2m), Peckham Vocational Industries Inc ($273.7m) and Goodwill Industries of Houston ($210.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $895k (0.3% of expenses). Other salaries and wages came to $20.3m. At year end it held assets of $41.2m against liabilities of $24.8m, net assets of $16.4m. It reported 501 employees.