Association For Corporate Growth Inc
Association For Corporate Growth experiences rapid revenue growth but faces occasional operating deficits.
EIN: 136163137 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $27.3M |
| Total Expenses | $29.1M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $27 |
| Net Assets | $1.3M |
| Transparency Score | 70/100 |
Is Association For Corporate Growth Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Association For Corporate Growth Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Association For Corporate Growth Inc
Association For Corporate Growth Inc (EIN: 136163137) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $27.3M and total assets of $14.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Association For Corporate Growth Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Association For Corporate Growth Inc is a large nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $26.5M |
| Total Expenses | $29.1M |
| Surplus / Deficit | $-2,506,410 |
| Total Assets | $18.8M |
| Total Liabilities | $17.5M |
| Net Assets | $1.3M |
| Operating Margin | -9.4% |
| Debt-to-Asset Ratio | 93.3% |
| Months of Reserves | 7.8 months |
Financial Health Grade: C
In 2023, Association For Corporate Growth Inc reported a deficit of $2.5M with expenses exceeding revenue, holds 7.8 months of operating reserves (strong position), has a debt-to-asset ratio of 93.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Association For Corporate Growth Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.0% | +14.4% | -11.1% |
| 2022 | +112.0% | +135.9% | +85.3% |
| 2021 | +14.6% | -4.8% | +48.6% |
| 2020 | -5.7% | -4.8% | -6.8% |
| 2019 | +6.7% | +11.5% | +-0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Association For Corporate Growth Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Association For Corporate Growth Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 93.3%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% for officer compensation, which is unusual for an organization of this size with revenues exceeding $27 million. This suggests that executive compensation may be reported under other expense categories or that the organization's leadership structure does not involve directly compensated officers as defined by the 990, which could obscure the true cost of leadership.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Association For Corporate Growth Inc's IRS 990 filings:
- Consistent operating deficits in multiple years (e.g., $2.5 million in 2023, $600k in 2020, $500k in 2019) indicate potential sustainability challenges if not addressed.
- Reporting 0% for officer compensation across all filings for an organization with over $27 million in revenue raises questions about the transparency of executive remuneration.
- Significant increase in liabilities to $17.51 million in 2023, which, while supported by assets, warrants scrutiny regarding the nature and management of these obligations.
Strengths
The following positive indicators were identified for Association For Corporate Growth Inc:
- Strong revenue growth, nearly doubling from $12.27 million in 2021 to $26.55 million in 2023, demonstrating effective fundraising and program expansion.
- Substantial asset base of $18.77 million in 2023, providing a solid financial foundation.
- Consistent filing of IRS 990s over 13 periods, indicating a commitment to regulatory compliance and transparency.
Frequently Asked Questions about Association For Corporate Growth Inc
Is Association For Corporate Growth Inc a legitimate charity?
Association For Corporate Growth Inc (EIN: 136163137) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $27.3M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Association For Corporate Growth Inc spend its money?
Association For Corporate Growth Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Association For Corporate Growth Inc tax-deductible?
Association For Corporate Growth Inc is registered as a tax-exempt nonprofit (EIN: 136163137). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Association For Corporate Growth Inc CEO make?
Association For Corporate Growth Inc's highest-compensated officer earns $27 annually. The organization reported $27.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Association For Corporate Growth Inc's spending goes to programs?
Association For Corporate Growth Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Association For Corporate Growth Inc located?
Association For Corporate Growth Inc is headquartered in Chicago, Illinois and files with the IRS under EIN 136163137.
How many years of IRS 990 filings does Association For Corporate Growth Inc have?
Association For Corporate Growth Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $27.3M in total revenue.
Why does ACG consistently report 0% for officer compensation?
The consistent reporting of 0% for officer compensation across all filings is unusual for an organization of ACG's size and revenue. This could mean that executive compensation is categorized differently within the expense structure, or that the organization's leadership is compensated through related entities or other non-officer roles, which warrants further investigation for full transparency.
What caused the significant increase in revenue from 2021 to 2022 and 2023?
Revenue nearly doubled from $12.27 million in 2021 to $26.02 million in 2022 and continued to grow to $26.55 million in 2023. This substantial increase likely reflects successful expansion of programs, membership growth, or increased event participation following the pandemic-related downturns.
How does ACG manage its operating deficits, such as the $2.5 million deficit in 2023?
In 2023, expenses ($29.06 million) exceeded revenue ($26.55 million) by over $2.5 million. The organization likely covers these deficits by drawing from accumulated reserves (assets were $18.77 million) or through strategic financial planning that anticipates such fluctuations, possibly due to investment in future programs or one-time expenditures.
What is the organization's strategy for managing its growing liabilities?
Liabilities have increased significantly, reaching $17.51 million in 2023. While assets have also grown, the high level of liabilities suggests a reliance on debt, deferred revenue, or other obligations that need careful management to maintain financial stability.
Filing History
IRS 990 filing history for Association For Corporate Growth Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Association For Corporate Growth Inc's revenue has grown by 315.8%, moving from $6.4M to $26.5M. Total assets increased by 235.6% over the same period, from $5.6M to $18.8M. Total functional expenses rose by 393%, from $5.9M to $29.1M. In its most recent filing year (2023), Association For Corporate Growth Inc reported a deficit of $2.5M, with expenses exceeding revenue. The organization holds $17.5M in liabilities against $18.8M in assets (debt-to-asset ratio: 93.3%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $26.5M | $29.1M | $18.8M | $17.5M | — | — |
| 2022 | $26.0M | $25.4M | $21.1M | $17.0M | — | View 990 |
| 2021 | $12.3M | $10.8M | $11.4M | $7.3M | — | View 990 |
| 2020 | $10.7M | $11.3M | $7.7M | $5.2M | — | — |
| 2019 | $11.4M | $11.9M | $8.2M | $5.3M | — | View 990 |
| 2018 | $10.6M | $10.7M | $8.2M | $4.8M | — | View 990 |
| 2017 | $10.3M | $9.4M | $7.9M | $4.5M | — | View 990 |
| 2016 | $9.3M | $9.2M | $6.7M | $4.3M | — | View 990 |
| 2015 | $8.7M | $9.0M | $6.1M | $3.8M | — | View 990 |
| 2014 | $8.3M | $9.0M | $6.3M | $3.6M | — | View 990 |
| 2013 | $7.0M | $7.3M | $6.7M | $3.3M | — | View 990 |
| 2012 | $6.2M | $6.3M | $6.4M | $2.7M | — | View 990 |
| 2011 | $6.4M | $5.9M | $5.6M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26.5M, expenses of $29.1M, and assets of $18.8M (revenue +2.0% year-over-year).
- 2022: Revenue of $26.0M, expenses of $25.4M, and assets of $21.1M (revenue +112.0% year-over-year).
- 2021: Revenue of $12.3M, expenses of $10.8M, and assets of $11.4M (revenue +14.6% year-over-year).
- 2020: Revenue of $10.7M, expenses of $11.3M, and assets of $7.7M (revenue -5.7% year-over-year).
- 2019: Revenue of $11.4M, expenses of $11.9M, and assets of $8.2M (revenue +6.7% year-over-year).
- 2018: Revenue of $10.6M, expenses of $10.7M, and assets of $8.2M (revenue +3.2% year-over-year).
- 2017: Revenue of $10.3M, expenses of $9.4M, and assets of $7.9M (revenue +11.3% year-over-year).
- 2016: Revenue of $9.3M, expenses of $9.2M, and assets of $6.7M (revenue +6.0% year-over-year).
- 2015: Revenue of $8.7M, expenses of $9.0M, and assets of $6.1M (revenue +5.5% year-over-year).
- 2014: Revenue of $8.3M, expenses of $9.0M, and assets of $6.3M (revenue +18.6% year-over-year).
- 2013: Revenue of $7.0M, expenses of $7.3M, and assets of $6.7M (revenue +12.2% year-over-year).
- 2012: Revenue of $6.2M, expenses of $6.3M, and assets of $6.4M (revenue -2.5% year-over-year).
- 2011: Revenue of $6.4M, expenses of $5.9M, and assets of $5.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Association For Corporate Growth Inc:
Data Sources and Methodology
This transparency report for Association For Corporate Growth Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.