Near West Side Community Development Corporation Inc

Analysis

Near West Side Community Development Corporation Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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, Near West Side Community Development Corporation Inc reported income of $2.4m and spending of $2.7m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.4m (+50%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Near West Side Community Development Corporation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Jefferson County Area Agency on Aging ($2.4m), Society of St Vincent de Paul ($2.4m) and San Mateo County Historical Association ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 4.2% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $5.4m against liabilities of $1.3m, net assets of $4.1m. It reported 354 employees.