Garfield Park Community Council

Analysis

Garfield Park Community Council is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2013, 13 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 June 2023, Garfield Park Community Council reported income of $1.2m and spending of $707k, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $524k to $1.2m (+127%), an average of +23% a year. The sharpest change came in the year to June 2020, when income rose by 59%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Garfield Park Community Council sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include South Sudanese Foundation ($1.2m), Thrill Mill Inc ($1.2m) and Northern Cambria Community Development Corporation ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. Other salaries and wages came to $187k. At year end it held assets of $2.7m against liabilities of $20k, net assets of $2.7m. It reported 4 employees.