West Loop Gate a Community

Analysis

West Loop Gate a Community is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1991, 35 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 (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, West Loop Gate a Community reported income of $92k and spending of $103k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $226k to $92k (-59%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 139% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Loop Gate a Community sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within IL. Charities of a similar size with the same main cause include City Club of Portland ($92k), Ethiopian Community Center in ($92k) and Call a Ride of Greenwich ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.4% of the total. At year end it held assets of $96k against liabilities of $136k, net assets of -$40k.

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.