Devcorp North

Analysis

Devcorp North is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1985, 41 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, Devcorp North reported income of $1.4m and spending of $1.1m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.4m (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Devcorp North sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Boy Scouts of America ($1.4m), United States Association for Blind Athletes Inc ($1.4m) and Desoto Towers Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 62% of the total. Other salaries and wages came to $311k. At year end it held assets of $1.7m against liabilities of $307k, net assets of $1.4m. It reported 28 employees.