Argyle Neighborhood Development Corporation

Analysis

Argyle Neighborhood Development Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Argyle Neighborhood Development Corporation reported income of $471k and spending of $860k, spending 183% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $557k to $471k (-15%), an average of -4.1% a year. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Argyle Neighborhood Development Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Texas Winds Musical Outreach Inc ($471k), PTA California Congress of Parents Teachers & Students Inc ($471k) and California Association of Museums ($471k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $1.3m against liabilities of $2.7m, net assets of -$1.4m.

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.