Chicago Family Business Council Inc

Analysis

Chicago Family Business Council Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chicago Family Business Council Inc reported income of $503k and spending of $434k, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $574k to $503k (-12%), an average of -4.3% a year. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chicago Family Business Council Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Top of Iowa Welcome Center ($503k), Cordova Family Resource Center ($503k) and California Biomanufacturing Center ($503k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.8% and program service revenue 104% of the total. Compensation of current officers, directors and key employees was $99k (23% of expenses). Other salaries and wages came to $79k. At year end it held assets of $751k against liabilities of $166k, net assets of $586k. It reported 5 employees.