Greater Chatham Initiative Inc

Analysis

Greater Chatham Initiative Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2017, 9 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 Chatham Initiative Inc reported income of $1.3m and spending of $1.8m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $464k to $1.3m (+190%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 89%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Chatham Initiative Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Center for Living & Learning Inc ($1.3m), Jenkintown Day Nursery ($1.3m) and Re Mind ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.7% of the total. Other salaries and wages came to $776k. At year end it held assets of $995k against liabilities of $119k, net assets of $876k.