Chicago Southland Economic Development Corporation

Analysis

Chicago Southland Economic Development Corporation is a registered charity in United States, based in E Hazel Crest, IL. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2021, Chicago Southland Economic Development Corporation reported income of $512k and spending of $248k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2019 to December 2021, income grew from $201k to $512k (+155%), an average of +155% a year. The sharpest change came in the year to December 2021, when income rose by 155%. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chicago Southland Economic Development Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Defiance Development and Visitorsbureau Inc ($512k), Mt Prospect Ave Neighborhoodimprovment District Management Corp ($513k) and Turning Tables ($512k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $31k (12% of expenses). Other salaries and wages came to $77k. At year end it held assets of $386k against liabilities of $36k, net assets of $350k. It reported 1 employees.