West Chicago Preservation Corp

Analysis

West Chicago Preservation Corp is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, West Chicago Preservation Corp reported income of $2.6m and spending of $2.8m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.6m (+11%), an average of +2.6% a year. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, West Chicago Preservation Corp sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include The Open Hearth Association ($2.6m), North Columbus Jaycee Housing Inc ($2.6m) and San Benito County Community Services Development Corporation ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $347k. At year end it held assets of $8.2m against liabilities of $13.7m, net assets of -$5.5m.

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.