Windy City Toolbank Inc

Analysis

Windy City Toolbank Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2010, 16 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, Windy City Toolbank Inc reported income of $78k and spending of $120k, spending 154% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $187k to $78k (-58%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Windy City Toolbank Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within IL. Charities of a similar size with the same main cause include Rotary Club of Kalispell Daybreak Foundation Inc ($78k), Noor Womens Association ($78k) and New Visions for New Castle ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. At year end it held assets of $86k against liabilities of $25k, net assets of $61k.