Chicagofirst Association
Chicagofirst Association shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 202787459 · Chicago, IL · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $618K |
| Total Expenses | $442K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $600,000 |
| Net Assets | $1.0M |
| Transparency Score | 90/100 |
Is Chicagofirst Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chicagofirst Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chicagofirst Association
Chicagofirst Association (EIN: 202787459) is a nonprofit organization based in Chicago, IL, classified under NTEE code S41. The organization reported total revenue of $618K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chicagofirst Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chicagofirst Association is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $605K |
| Total Expenses | $442K |
| Surplus / Deficit | +$163K |
| Total Assets | $1.3M |
| Total Liabilities | $326K |
| Net Assets | $1.0M |
| Operating Margin | 27.0% |
| Debt-to-Asset Ratio | 24.5% |
| Months of Reserves | 36.1 months |
Financial Health Grade: A
In 2023, Chicagofirst Association reported a surplus of $163K with revenue exceeding expenses, holds 36.1 months of operating reserves (strong position), has a debt-to-asset ratio of 24.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chicagofirst Association's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | +24.6% | +18.7% |
| 2022 | -0.1% | +4.1% | +33.2% |
| 2021 | +7.5% | -19.7% | +36.6% |
| 2020 | +7.4% | -2.7% | +29.3% |
| 2019 | +1.5% | -7.3% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Chicagofirst Association with a Mission Score of 90 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, Chicagofirst Association 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 $163K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.5%.
Executive Compensation Analysis
Chicagofirst Association consistently reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based or compensated through non-officer roles, which is highly unusual for an organization of its size with over $600,000 in annual revenue and nearly $1.5 million in assets.
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 Chicagofirst Association's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, making precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Chicagofirst Association:
- Consistent revenue growth, increasing from $499,573 in 2014 to $605,016 in 2023.
- Significant asset accumulation, growing from $190,002 in 2014 to $1,327,857 in 2023.
- Expenses consistently lower than revenue, indicating sound financial management (e.g., 2023 expenses $441,565 vs. revenue $605,016).
- No reported officer compensation across all filings, suggesting high efficiency in leadership costs.
- Healthy asset-to-liability ratio, with assets ($1,327,857 in 2023) significantly exceeding liabilities ($325,925 in 2023).
Frequently Asked Questions about Chicagofirst Association
Is Chicagofirst Association a legitimate charity?
Chicagofirst Association (EIN: 202787459) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $618K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Chicagofirst Association spend its money?
Chicagofirst Association directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Chicagofirst Association tax-deductible?
Chicagofirst Association is registered as a tax-exempt nonprofit (EIN: 202787459). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Chicagofirst Association CEO make?
Chicagofirst Association's highest-compensated officer earns $600,000 annually. The organization reported $618K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Chicagofirst Association's spending goes to programs?
Chicagofirst Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chicagofirst Association compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Chicagofirst Association is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chicagofirst Association located?
Chicagofirst Association is headquartered in Chicago, Illinois and files with the IRS under EIN 202787459. It is classified under NTEE code S41.
How many years of IRS 990 filings does Chicagofirst Association have?
Chicagofirst Association 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 $618K in total revenue.
Is Chicagofirst Association a good charity?
Based on the available financial data, Chicagofirst Association appears to be a financially healthy and well-managed organization. It consistently generates more revenue than expenses, leading to significant asset growth, and reports no officer compensation, which is a strong indicator of efficient resource allocation.
How has Chicagofirst Association's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue has grown from $499,573 in 2014 to $605,016 in 2023, and assets have increased dramatically from $190,002 to $1,327,857 in the same period, demonstrating strong financial growth and stability.
What is the organization's approach to executive compensation?
Chicagofirst Association reports 0% officer compensation in all provided filings, suggesting a commitment to minimizing executive pay from the organization's direct funds, possibly through volunteer leadership or alternative compensation structures.
Filing History
IRS 990 filing history for Chicagofirst Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chicagofirst Association's revenue has grown by 15.2%, moving from $525K to $605K. Total assets increased by 356.1% over the same period, from $291K to $1.3M. Total functional expenses fell by 16.8%, from $531K to $442K. In its most recent filing year (2023), Chicagofirst Association reported a surplus of $163K, with revenue exceeding expenses. The organization holds $326K in liabilities against $1.3M in assets (debt-to-asset ratio: 24.5%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $605K | $442K | $1.3M | $326K | — | — |
| 2022 | $582K | $354K | $1.1M | $281K | — | View 990 |
| 2021 | $583K | $341K | $840K | $229K | — | View 990 |
| 2020 | $543K | $424K | $615K | $247K | — | View 990 |
| 2019 | $505K | $436K | $476K | $226K | — | View 990 |
| 2018 | $498K | $470K | $458K | $278K | — | View 990 |
| 2017 | $519K | $472K | $375K | $222K | — | View 990 |
| 2016 | $492K | $455K | $316K | $210K | — | View 990 |
| 2015 | $525K | $451K | $256K | $186K | — | View 990 |
| 2014 | $500K | $524K | $190K | $194K | — | View 990 |
| 2013 | $530K | $533K | $245K | $225K | — | View 990 |
| 2012 | $545K | $550K | $246K | $223K | — | View 990 |
| 2011 | $525K | $531K | $291K | $263K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $605K, expenses of $442K, and assets of $1.3M (revenue +3.9% year-over-year).
- 2022: Revenue of $582K, expenses of $354K, and assets of $1.1M (revenue -0.1% year-over-year).
- 2021: Revenue of $583K, expenses of $341K, and assets of $840K (revenue +7.5% year-over-year).
- 2020: Revenue of $543K, expenses of $424K, and assets of $615K (revenue +7.4% year-over-year).
- 2019: Revenue of $505K, expenses of $436K, and assets of $476K (revenue +1.5% year-over-year).
- 2018: Revenue of $498K, expenses of $470K, and assets of $458K (revenue -4.0% year-over-year).
- 2017: Revenue of $519K, expenses of $472K, and assets of $375K (revenue +5.5% year-over-year).
- 2016: Revenue of $492K, expenses of $455K, and assets of $316K (revenue -6.4% year-over-year).
- 2015: Revenue of $525K, expenses of $451K, and assets of $256K (revenue +5.1% year-over-year).
- 2014: Revenue of $500K, expenses of $524K, and assets of $190K (revenue -5.8% year-over-year).
- 2013: Revenue of $530K, expenses of $533K, and assets of $245K (revenue -2.8% year-over-year).
- 2012: Revenue of $545K, expenses of $550K, and assets of $246K (revenue +3.8% year-over-year).
- 2011: Revenue of $525K, expenses of $531K, and assets of $291K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chicagofirst Association:
Data Sources and Methodology
This transparency report for Chicagofirst Association 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.