Connectwaukegan NFP

Analysis

Connectwaukegan NFP is a registered charity in United States, based in Deerfield, IL. It received its IRS tax-exemption ruling in December 2022, 4 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, Connectwaukegan NFP reported income of $324k and spending of $329k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $225k to $324k (+44%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 149%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Connectwaukegan NFP sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Ormond Main Street Inc ($324k), West Reading Community Revitalization Foundation ($324k) and Spirit of Athens Alabama Inc ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $112k (34% of expenses). Other salaries and wages came to $104k. At year end it held assets of $75k against liabilities of $3,173, net assets of $72k. It reported 5 employees.