Greater Chicago Advanced Manufacturing Partnership NFP

Analysis

Greater Chicago Advanced Manufacturing Partnership NFP is a registered charity in United States, based in Geneva, IL. It received its IRS tax-exemption ruling in September 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 (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, Greater Chicago Advanced Manufacturing Partnership NFP reported income of $85k and spending of $127k, spending 148% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $103k to $85k (-17%), an average of -8.7% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Chicago Advanced Manufacturing Partnership NFP sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within IL. Charities of a similar size with the same main cause include Humble Lions Club Charities Inc ($85k), Black Chamber of Commerce of Greater Kansas City Incorporated ($86k) and Public Sector Consortium Inc ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $82k (65% of expenses). At year end it held assets of $75k against liabilities of $1,411, net assets of $74k.