Chicagos Sunshine Enterprises Inc

Analysis

Chicagos Sunshine Enterprises Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2019, 7 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, Chicagos Sunshine Enterprises Inc reported income of $2.5m and spending of $2.4m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.5m (+124%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 426%. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chicagos Sunshine Enterprises Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Marion Moss Enterprises Inc ($2.5m), Crosstown Redevelopment Cooperative Association Inc ($2.5m) and Centro de Trabajadores Unidos En LA Lucha ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $152k (6.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $8.4m against liabilities of $150k, net assets of $8.2m. It reported 56 employees.