Chicago Loop Alliance Foundation
Chicago Loop Alliance Foundation maintains stable finances with no officer compensation reported.
EIN: 161765590 · Chicago, IL · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $685K |
| Total Expenses | $481K |
| Program Spending | 80% |
| Net Assets | $421K |
| Transparency Score | 85/100 |
Is Chicago Loop Alliance Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chicago Loop Alliance Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chicago Loop Alliance Foundation
Chicago Loop Alliance Foundation (EIN: 161765590) is a nonprofit organization based in Chicago, IL, classified under NTEE code B99. The organization reported total revenue of $685K and total assets of $342K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chicago Loop Alliance Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chicago Loop Alliance Foundation is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $541K |
| Total Expenses | $481K |
| Surplus / Deficit | +$60K |
| Total Assets | $431K |
| Total Liabilities | $10K |
| Net Assets | $421K |
| Operating Margin | 11.1% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 10.7 months |
Financial Health Grade: A
In 2023, Chicago Loop Alliance Foundation reported a surplus of $60K with revenue exceeding expenses, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chicago Loop Alliance Foundation's revenue has grown at a compound annual growth rate (CAGR) of 15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.4% | -34.8% | -17.2% |
| 2022 | +52.3% | +41.2% | +34.2% |
| 2021 | +168.8% | +216.9% | +1.3% |
| 2020 | -41.1% | -53.1% | +20.3% |
| 2019 | -13.1% | -2.5% | -6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Chicago Loop Alliance Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Chicago Loop Alliance Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $60K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
No officer compensation has been reported in any of the available filings, indicating that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, which is a positive sign for resource allocation.
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.
Strengths
The following positive indicators were identified for Chicago Loop Alliance Foundation:
- No officer compensation reported across all filings, indicating efficient use of funds.
- Consistent positive net assets and low liabilities, demonstrating strong financial health (e.g., 202312 Assets: $430,822, Liabilities: $9,806).
- Consistent filing of IRS Form 990s, indicating good transparency and compliance.
- Revenue rebound post-2020, showing resilience and effective fundraising (e.g., 2020 revenue $192,650 to 2022 revenue $788,484).
Frequently Asked Questions about Chicago Loop Alliance Foundation
Is Chicago Loop Alliance Foundation a legitimate charity?
Chicago Loop Alliance Foundation (EIN: 161765590) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $685K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Chicago Loop Alliance Foundation spend its money?
Chicago Loop Alliance Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Chicago Loop Alliance Foundation tax-deductible?
Chicago Loop Alliance Foundation is registered as a tax-exempt nonprofit (EIN: 161765590). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Chicago Loop Alliance Foundation's spending goes to programs?
Chicago Loop Alliance Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chicago Loop Alliance Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Chicago Loop Alliance Foundation is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chicago Loop Alliance Foundation located?
Chicago Loop Alliance Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 161765590. It is classified under NTEE code B99.
How many years of IRS 990 filings does Chicago Loop Alliance Foundation have?
Chicago Loop Alliance Foundation 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 $685K in total revenue.
Is Chicago Loop Alliance Foundation a good charity?
Based on the available financial data, the Chicago Loop Alliance Foundation appears to be a well-managed charity. It consistently generates revenue, maintains healthy assets, and reports no officer compensation, suggesting efficient use of funds. Its consistent filing of 990s also indicates good transparency.
How has the organization's revenue trended over the past few years?
The organization's revenue has fluctuated but shown overall growth. It saw a dip in 2020 ($192,650) likely due to the pandemic, but rebounded strongly to $788,484 in 2022 and maintained a healthy $540,868 in 2023.
What is the organization's asset-to-liability ratio?
In the latest filing (202312), the organization's assets were $430,822 and liabilities were $9,806, resulting in a very strong asset-to-liability ratio of approximately 43.9:1, indicating excellent financial stability.
Filing History
IRS 990 filing history for Chicago Loop Alliance Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chicago Loop Alliance Foundation's revenue has grown by 435.5%, moving from $101K to $541K. Total assets increased by 1317.7% over the same period, from $30K to $431K. Total functional expenses rose by 378.4%, from $101K to $481K. In its most recent filing year (2023), Chicago Loop Alliance Foundation reported a surplus of $60K, with revenue exceeding expenses. The organization holds $10K in liabilities against $431K in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $421K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $541K | $481K | $431K | $10K | — | — |
| 2022 | $788K | $738K | $521K | $159K | — | View 990 |
| 2021 | $518K | $522K | $388K | $77K | — | View 990 |
| 2020 | $193K | $165K | $383K | $68K | — | View 990 |
| 2019 | $327K | $352K | $318K | $31K | — | View 990 |
| 2018 | $376K | $361K | $340K | $29K | — | View 990 |
| 2017 | $303K | $239K | $350K | $54K | — | View 990 |
| 2016 | $255K | $253K | $248K | $15K | — | View 990 |
| 2015 | $325K | $258K | $252K | $21K | — | View 990 |
| 2014 | $372K | $280K | $204K | $40K | — | View 990 |
| 2013 | $209K | $172K | $137K | $65K | — | View 990 |
| 2012 | $150K | $123K | $90K | $54K | — | View 990 |
| 2011 | $101K | $101K | $30K | $21K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $541K, expenses of $481K, and assets of $431K (revenue -31.4% year-over-year).
- 2022: Revenue of $788K, expenses of $738K, and assets of $521K (revenue +52.3% year-over-year).
- 2021: Revenue of $518K, expenses of $522K, and assets of $388K (revenue +168.8% year-over-year).
- 2020: Revenue of $193K, expenses of $165K, and assets of $383K (revenue -41.1% year-over-year).
- 2019: Revenue of $327K, expenses of $352K, and assets of $318K (revenue -13.1% year-over-year).
- 2018: Revenue of $376K, expenses of $361K, and assets of $340K (revenue +24.3% year-over-year).
- 2017: Revenue of $303K, expenses of $239K, and assets of $350K (revenue +18.9% year-over-year).
- 2016: Revenue of $255K, expenses of $253K, and assets of $248K (revenue -21.7% year-over-year).
- 2015: Revenue of $325K, expenses of $258K, and assets of $252K (revenue -12.6% year-over-year).
- 2014: Revenue of $372K, expenses of $280K, and assets of $204K (revenue +78.3% year-over-year).
- 2013: Revenue of $209K, expenses of $172K, and assets of $137K (revenue +39.5% year-over-year).
- 2012: Revenue of $150K, expenses of $123K, and assets of $90K (revenue +48.0% year-over-year).
- 2011: Revenue of $101K, expenses of $101K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chicago Loop Alliance Foundation:
Data Sources and Methodology
This transparency report for Chicago Loop Alliance Foundation 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.