Greater Englewood Community Development Corporation

Analysis

Greater Englewood Community Development Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2005, 21 years ago. 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 Englewood Community Development Corporation reported income of $1.1m and spending of $780k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $508k to $1.1m (+115%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 152%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Englewood Community Development Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Mobile Ballet Inc ($1.1m), Sandhills-Moore Coalition for Human Care Inc ($1.1m) and Bayarts ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Other salaries and wages came to $510k. At year end it held assets of $965k against liabilities of $114k, net assets of $851k. It reported 6 employees.