Center on Halsted

Analysis

Center on Halsted is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Center on Halsted reported income of $7.8m and spending of $7.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $7.8m (+50%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center on Halsted sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include International Institute of Minnesota ($7.8m), Camden County Council on Economic Opportunity ($7.8m) and Mid America Assistance Coalition Inc ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $741k (9.5% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $24.6m against liabilities of $4.1m, net assets of $20.5m. It reported 91 employees.