Collective Chicago

Analysis

Collective Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Collective Chicago reported income of $216k and spending of $220k, spending 102% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $397k to $216k (-46%), an average of -46% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Collective Chicago sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include Norfolk Housing Development Fund Company Inc ($216k), Bentley Woods Inc ($216k) and USA Housing Inc ($216k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $92k (42% of expenses). At year end it held assets of $122k against liabilities of $3,237, net assets of $119k. It reported 2 employees.