820 W Belle Plaine Cooperative

Analysis

820 W Belle Plaine Cooperative is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1995, 31 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 September 2023, 820 W Belle Plaine Cooperative reported income of $2.4m and spending of $3.0m, spending 121% of what it took in. Across the 3 years on record, from September 2019 to September 2023, income grew from $2.4m to $2.4m (+2.5%), an average of +1.2% a year. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 820 W Belle Plaine Cooperative sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Village of Merici Inc ($2.4m), Florida Home Partnership Inc ($2.4m) and Pacific Housing Assistance Corp ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $346k. At year end it held assets of $5.6m against liabilities of $641k, net assets of $4.9m. It reported 7 employees.

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.