Calumet Area Industrial Commission

Analysis

Calumet Area Industrial Commission is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover employment, 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 December 2021, Calumet Area Industrial Commission reported income of $3.1m and spending of $2.9m, spending 93% of its income. Across the 2 years on record, from December 2019 to December 2021, income grew from $2.0m to $3.1m (+54%), an average of +54% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Calumet Area Industrial Commission sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Burnley Workshop of the Poconos Inc ($3.1m), Tasc Inc ($3.1m) and Anthony Lakes Outdoors Recreation a Ssoc ($3.1m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 94% and program service revenue 5.7% of the total. Other salaries and wages came to $40k. At year end it held assets of $970k against liabilities of $343k, net assets of $627k. It reported 44 employees.