Chicago United For Equity
EIN: 371916156 · Chicago, IL · NTEE: R22
Is Chicago United For Equity Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chicago United For Equity
Chicago United For Equity (EIN: 371916156) is a nonprofit organization based in Chicago, IL, classified under NTEE code R22. The organization reported total revenue of $828K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chicago United For Equity's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chicago United For Equity is a small nonprofit that has been operating for 6 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 44.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $870K |
| Total Expenses | $694K |
| Surplus / Deficit | +$177K |
| Total Assets | $1.4M |
| Total Liabilities | $114K |
| Net Assets | $1.3M |
| Operating Margin | 20.3% |
| Debt-to-Asset Ratio | 8.1% |
| Months of Reserves | 24.2 months |
Financial Health Grade: A
In 2023, Chicago United For Equity reported a surplus of $177K with revenue exceeding expenses, holds 24.2 months of operating reserves (strong position), has a debt-to-asset ratio of 8.1% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Chicago United For Equity's revenue has grown at a compound annual growth rate (CAGR) of 44.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.3% | +0.7% | +11.8% |
| 2022 | -28.0% | +46.2% | +15.2% |
| 2021 | +13.0% | +19.6% | +78.6% |
| 2020 | +195.3% | +36.2% | +584.2% |
| 2019 | +111.8% | +399.3% | +8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chicago United For Equity 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 United For Equity 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 surplus of $177K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.1%.
Frequently Asked Questions about Chicago United For Equity
Is Chicago United For Equity a legitimate charity?
Based on AI analysis of IRS 990 filings, Chicago United For Equity (EIN: 371916156) insufficient data. 0 red flags identified, 0 strengths noted.
How does Chicago United For Equity spend its money?
Detailed spending breakdown data is not yet available for Chicago United For Equity. Check back for updated IRS 990 analysis.
Are donations to Chicago United For Equity tax-deductible?
Chicago United For Equity is registered as a tax-exempt nonprofit (EIN: 371916156). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Chicago United For Equity showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Chicago United For Equity's revenue has grown by 522.3%, moving from $140K to $870K. Total assets increased by 1608.2% over the same period, from $82K to $1.4M. Total functional expenses rose by 1097.3%, from $58K to $694K. In its most recent filing year (2023), Chicago United For Equity reported a surplus of $177K, with revenue exceeding expenses. The organization holds $114K in liabilities against $1.4M in assets (debt-to-asset ratio: 8.1%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $870K | $694K | $1.4M | $114K | — | — |
| 2022 | $711K | $689K | $1.3M | $143K | — | View 990 |
| 2021 | $988K | $471K | $1.1M | $0 | — | View 990 |
| 2020 | $875K | $394K | $608K | $39K | — | View 990 |
| 2019 | $296K | $289K | $89K | $0 | — | — |
| 2018 | $140K | $58K | $82K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $870K, expenses of $694K, and assets of $1.4M (revenue +22.3% year-over-year).
- 2022: Revenue of $711K, expenses of $689K, and assets of $1.3M (revenue -28.0% year-over-year).
- 2021: Revenue of $988K, expenses of $471K, and assets of $1.1M (revenue +13.0% year-over-year).
- 2020: Revenue of $875K, expenses of $394K, and assets of $608K (revenue +195.3% year-over-year).
- 2019: Revenue of $296K, expenses of $289K, and assets of $89K (revenue +111.8% year-over-year).
- 2018: Revenue of $140K, expenses of $58K, and assets of $82K.
Data Sources and Methodology
This transparency report for Chicago United For Equity 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.