The Boulevard of Chicago Inc

Analysis

The Boulevard of Chicago Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1996, 30 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 (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, The Boulevard of Chicago Inc reported income of $9.9m and spending of $9.6m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.6m to $9.9m (+171%), an average of +39% a year. The sharpest change came in the year to June 2023, when income rose by 94%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Boulevard of Chicago Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Wesley Homes Pierce County ($9.9m), Society of St Vincent Depaul Council of Louisville ($9.9m) and PHM New Richmond Senior Housing Inc ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $246k (2.6% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $4.2m against liabilities of $272k, net assets of $3.9m. It reported 66 employees.