Northwest Institute for Contemporary Learning

Analysis

Northwest Institute for Contemporary Learning is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1981, 45 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Northwest Institute for Contemporary Learning reported income of $437k and spending of $408k, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $313k to $437k (+40%), an average of +8.7% a year. The sharpest change came in the year to September 2020, when income rose by 40%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northwest Institute for Contemporary Learning sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include West Alabama Chamber Foundation Inc ($437k), Ed Block Courage Award Foundation ($437k) and Lutheran Social Services of South Dakota Foundation Inc ($437k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $70k (17% of expenses). At year end it held assets of $134k against liabilities of $228k, net assets of -$95k.