South Shore Chamber Community Development Corporation

Analysis

South Shore Chamber Community Development Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 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 2023, South Shore Chamber Community Development Corporation reported income of $1.9m and spending of $1.1m, leaving 41% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $290k to $1.9m (+560%), an average of +88% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Shore Chamber Community Development Corporation 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 86th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Freedom Work Opportunities Inc ($1.9m), Kakoo Oiwi ($1.9m) and Madison Electrical Joint Apprenticeship Training Trust Fund ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $247k. At year end it held assets of $1.7m against liabilities of $644k, net assets of $1.0m. It reported 4 employees.