Rockford Corridor Improvement Inc

Analysis

Rockford Corridor Improvement Inc is a registered charity in United States, based in Rockford, 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, Rockford Corridor Improvement Inc reported income of $133k and spending of $155k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $100k to $133k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rockford Corridor Improvement Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within IL. Charities of a similar size with the same main cause include LA Piazza Community Center of Ardmore ($133k), Rotary Club of Estes Park USA Foundation Incorporated ($133k) and Missouri School Nutrition Association ($133k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $250k against liabilities of $0, net assets of $250k.