Greater Waukegan Development Coalition

Analysis

Greater Waukegan Development Coalition is a registered charity in United States, based in Waukegan, IL. It received its IRS tax-exemption ruling in February 2014, 12 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, Greater Waukegan Development Coalition reported income of $747k and spending of $653k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $306k to $747k (+144%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 179%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Waukegan Development Coalition sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Dare Direct Action for Rights & Equality Inc ($746k), Elevated Landing Certified Development Company ($747k) and Camden County Workforce Development Board Inc ($746k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $2,400 (0.4% of expenses). Other salaries and wages came to $157k. It paid $1,050 in professional fundraising fees. At year end it held assets of $641k against liabilities of $1.6m, net assets of -$942k. It reported 8 employees.