Chicago Area Ind Con
EIN: 562621941 · Lk In The Hls, IL · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $443K |
| Total Expenses | $479K |
| Net Assets | $100K |
Is Chicago Area Ind Con Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chicago Area Ind Con
Chicago Area Ind Con (EIN: 562621941) is a nonprofit organization based in Lk In The Hls, IL, classified under NTEE code S41. The organization reported total revenue of $443K and total assets of $175K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chicago Area Ind Con's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chicago Area Ind Con is a small nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $468K |
| Total Expenses | $479K |
| Surplus / Deficit | $-10,671 |
| Total Assets | $136K |
| Total Liabilities | $36K |
| Net Assets | $100K |
| Operating Margin | -2.3% |
| Debt-to-Asset Ratio | 26.4% |
| Months of Reserves | 3.4 months |
Financial Health Grade: B
In 2023, Chicago Area Ind Con reported a deficit of $11K with expenses exceeding revenue, holds 3.4 months of operating reserves (adequate), has a debt-to-asset ratio of 26.4% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Chicago Area Ind Con's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.5% | +3.4% | -10.1% |
| 2022 | +10.7% | +13.7% | +106.1% |
| 2021 | -1.5% | -5.1% | +30.5% |
| 2020 | +4.7% | +7.4% | -3.7% |
| 2019 | +3.0% | +3.2% | +16.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chicago Area Ind Con has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chicago Area Ind Con with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 26.4%.
Frequently Asked Questions about Chicago Area Ind Con
Is Chicago Area Ind Con a legitimate charity?
Chicago Area Ind Con (EIN: 562621941) is a registered tax-exempt nonprofit based in Illinois. It has 14 years of IRS 990 filings on record. Total revenue: $443K. No red flags identified. Financial health grade: B.
How does Chicago Area Ind Con spend its money?
Chicago Area Ind Con reported $443K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Chicago Area Ind Con tax-deductible?
Chicago Area Ind Con is registered as a tax-exempt nonprofit (EIN: 562621941). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chicago Area Ind Con located?
Chicago Area Ind Con is headquartered in Lk In The Hls, Illinois and files with the IRS under EIN 562621941. It is classified under NTEE code S41.
How many years of IRS 990 filings does Chicago Area Ind Con have?
Chicago Area Ind Con has 14 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 $443K in total revenue.
Filing History
IRS 990 filing history for Chicago Area Ind Con showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Chicago Area Ind Con's revenue has grown by 199.4%, moving from $156K to $468K. Total assets increased by 148.1% over the same period, from $55K to $136K. Total functional expenses rose by 281.4%, from $125K to $479K. In its most recent filing year (2023), Chicago Area Ind Con reported a deficit of $11K, with expenses exceeding revenue. The organization holds $36K in liabilities against $136K in assets (debt-to-asset ratio: 26.4%), resulting in net assets of $100K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $468K | $479K | $136K | $36K | — | — |
| 2022 | $466K | $463K | $151K | $75K | — | View 990 |
| 2021 | $421K | $407K | $73K | $0 | — | View 990 |
| 2020 | $427K | $429K | $56K | $0 | — | — |
| 2019 | $408K | $399K | $58K | $0 | — | — |
| 2018 | $396K | $387K | $50K | $0 | — | View 990 |
| 2017 | $351K | $343K | $41K | $0 | — | View 990 |
| 2016 | $342K | $359K | $33K | $0 | — | View 990 |
| 2015 | $311K | $296K | $50K | $0 | — | View 990 |
| 2014 | $264K | $265K | $35K | $0 | — | View 990 |
| 2013 | $231K | $230K | $35K | $0 | — | View 990 |
| 2012 | $225K | $239K | $33K | $0 | — | View 990 |
| 2011 | $213K | $221K | $47K | $0 | — | View 990 |
| 2010 | $156K | $125K | $55K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $468K, expenses of $479K, and assets of $136K (revenue +0.5% year-over-year).
- 2022: Revenue of $466K, expenses of $463K, and assets of $151K (revenue +10.7% year-over-year).
- 2021: Revenue of $421K, expenses of $407K, and assets of $73K (revenue -1.5% year-over-year).
- 2020: Revenue of $427K, expenses of $429K, and assets of $56K (revenue +4.7% year-over-year).
- 2019: Revenue of $408K, expenses of $399K, and assets of $58K (revenue +3.0% year-over-year).
- 2018: Revenue of $396K, expenses of $387K, and assets of $50K (revenue +12.7% year-over-year).
- 2017: Revenue of $351K, expenses of $343K, and assets of $41K (revenue +2.8% year-over-year).
- 2016: Revenue of $342K, expenses of $359K, and assets of $33K (revenue +9.7% year-over-year).
- 2015: Revenue of $311K, expenses of $296K, and assets of $50K (revenue +17.7% year-over-year).
- 2014: Revenue of $264K, expenses of $265K, and assets of $35K (revenue +14.3% year-over-year).
- 2013: Revenue of $231K, expenses of $230K, and assets of $35K (revenue +2.8% year-over-year).
- 2012: Revenue of $225K, expenses of $239K, and assets of $33K (revenue +5.8% year-over-year).
- 2011: Revenue of $213K, expenses of $221K, and assets of $47K (revenue +36.2% year-over-year).
- 2010: Revenue of $156K, expenses of $125K, and assets of $55K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chicago Area Ind Con:
Data Sources and Methodology
This transparency report for Chicago Area Ind Con 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.