Center of Higher Development

Analysis

Center of Higher Development is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2021, Center of Higher Development reported income of $105k and spending of $101k, spending 96% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $331k to $105k (-68%), an average of -44% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center of Higher Development 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 38th percentile, and in the 39th percentile within IL. Charities of a similar size with the same main cause include Macomb Food Program ($105k), Hamilton County Food Pantry Inc ($105k) and Rise Again Outreach Inc ($105k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $34k (34% of expenses). At year end it held assets of $4,325 against liabilities of $52k, net assets of -$48k. It reported 4 employees.