Midwest Immigration Bond Fund

Analysis

Midwest Immigration Bond Fund is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Midwest Immigration Bond Fund reported income of $106k and spending of $14k, leaving 87% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $26k to $106k (+310%), an average of +310% a year. The sharpest change came in the year to December 2023, when income rose by 310%. Over the whole period it spent 14% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Midwest Immigration Bond Fund sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within IL. Charities of a similar size with the same main cause include Cortland Chenango Rural Services Inc ($106k), Children of the Fathers House ($106k) and Phoenix Organization of Jefferson ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $147k against liabilities of $19k, net assets of $127k.