Central Advisory Council Inc

Analysis

Central Advisory Council Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Central Advisory Council Inc reported income of $653k and spending of $745k, spending 114% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $516k to $653k (+27%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Advisory Council Inc 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 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Jackson County Agricultural Society ($653k), Trident Urban League Inc ($653k) and Casa Support Council for Pima County Inc ($653k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $120k. At year end it held assets of $54k against liabilities of $0, net assets of $54k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.