Chicago Federation of Labor Workforce and Community Initiative

Analysis

Chicago Federation of Labor Workforce and Community Initiative is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover employment, 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 June 2023, Chicago Federation of Labor Workforce and Community Initiative reported income of $3.5m and spending of $3.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $3.5m (+118%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 127%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chicago Federation of Labor Workforce and Community Initiative sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Polk Community Development Corporation ($3.5m), Business Employment Skills Team Inc ($3.6m) and Sunshine Industries Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Other salaries and wages came to $727k. At year end it held assets of $1.2m against liabilities of $654k, net assets of $584k. It reported 17 employees.