Bengali Association of Greater Chicago

Analysis

Bengali Association of Greater Chicago is a registered charity in United States, based in Glendale HTS, IL. It received its IRS tax-exemption ruling in May 1979, 47 years ago. 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, Bengali Association of Greater Chicago reported income of $1.1m and spending of $497k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $501k to $1.1m (+123%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 157%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bengali Association of Greater Chicago sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Onaben ($1.1m), The 5 Gyres Institute ($1.1m) and Dancing Spirit Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 67% of the total. At year end it held assets of $1.7m against liabilities of -$282, net assets of $1.7m.