Historic Chicago Bungalow Association

Analysis

Historic Chicago Bungalow Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2001, 25 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 December 2023, Historic Chicago Bungalow Association reported income of $1.3m and spending of $1.5m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.3m (-5.2%), an average of -1.3% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Historic Chicago Bungalow Association sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Casl Housing Corporation ($1.3m), Shelter Care Ministries ($1.3m) and Priority Veteran Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $987k. At year end it held assets of $755k against liabilities of $26k, net assets of $729k. It reported 5 employees.