Near South Planning Board

Analysis

Near South Planning Board is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Near South Planning Board reported income of $616k and spending of $741k, spending 120% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $747k to $616k (-17%), an average of -4.7% a year. The sharpest change came in the year to July 2022, when income rose by 78%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Near South Planning Board sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Junior League of Lafayette Inc ($616k), Junior League of Dallas Centennial Endowment Foundation ($617k) and Ohio Chamber of Commerce Research Foundation Inc ($616k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $178k (24% of expenses). Other salaries and wages came to $76k. At year end it held assets of $282k against liabilities of $5,422, net assets of $276k. It reported 4 employees.