Chicago New Business NFP

Analysis

Chicago New Business NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2018, 8 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, Chicago New Business NFP reported income of $130k and spending of $197k, spending 151% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $55k to $130k (+137%), an average of +54% a year. The sharpest change came in the year to December 2022, when income rose by 136%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chicago New Business NFP sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within IL. Charities of a similar size with the same main cause include Athena of the Triangle ($130k), Redlands Police Community Foundation ($130k) and Exchange Club of Sugar Land- Charitable Fund ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.