Chicago Community Bond Fund

Analysis

Chicago Community Bond Fund is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Chicago Community Bond Fund reported income of $752k and spending of $1.8m, spending 237% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $752k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2020, when income rose by 701%. Over the whole period it spent 52% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Chicago Community Bond Fund sits at the 71st percentile: it is larger than about 70% 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 Freedom to Choose Project ($751k), Okmulgee-Okfuskee County Youth Services Inc ($752k) and Cotta-Brown Group Home ($751k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.0% of the total. Other salaries and wages came to $735k. At year end it held assets of $7.2m against liabilities of $136k, net assets of $7.0m. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.