Together Chicago Inc

Analysis

Together Chicago Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 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 June 2023, Together Chicago Inc reported income of $2.3m and spending of $2.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $488k to $2.3m (+375%), an average of +48% a year. The sharpest change came in the year to June 2021, when income rose by 196%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Together Chicago Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Agc Construction Education Foundation ($2.3m), Stand Up for Salem Inc ($2.3m) and City of Florence Public Facilities Corporation ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.8% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.3m against liabilities of $41k, net assets of $1.3m. It reported 23 employees.