Common Market Great Lakes
EIN: 922821897 · Chicago, IL · NTEE: K30
| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $321K |
| Net Assets | $-197,284 |
Is Common Market Great Lakes Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Common Market Great Lakes
Common Market Great Lakes (EIN: 922821897) is a nonprofit organization based in Chicago, IL, classified under NTEE code K30. The organization reported total revenue of $4.7M and total assets of $774K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Common Market Great Lakes's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Common Market Great Lakes is a mid-size nonprofit that has been operating for 2 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $143K |
| Total Expenses | $321K |
| Surplus / Deficit | $-177,381 |
| Total Assets | $878K |
| Total Liabilities | $1.1M |
| Net Assets | $-197,284 |
| Operating Margin | -123.8% |
| Debt-to-Asset Ratio | 122.5% |
| Months of Reserves | 32.9 months |
Financial Health Grade: C
In 2023, Common Market Great Lakes reported a deficit of $177K with expenses exceeding revenue, holds 32.9 months of operating reserves (strong position), has a debt-to-asset ratio of 122.5% (high leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Common Market Great Lakes 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 Common Market Great Lakes 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 $177K, with expenses exceeding revenue.
- Debt-to-asset ratio: 122.5%.
Frequently Asked Questions about Common Market Great Lakes
Is Common Market Great Lakes a legitimate charity?
Common Market Great Lakes (EIN: 922821897) is a registered tax-exempt nonprofit based in Illinois. Total revenue: $4.7M. No red flags identified. Financial health grade: C.
How does Common Market Great Lakes spend its money?
Common Market Great Lakes reported $4.7M in total revenue in IRS 990 filings. 1 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Common Market Great Lakes tax-deductible?
Common Market Great Lakes is registered as a tax-exempt nonprofit (EIN: 922821897). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Common Market Great Lakes located?
Common Market Great Lakes is headquartered in Chicago, Illinois and files with the IRS under EIN 922821897. It is classified under NTEE code K30.
Filing History
IRS 990 filing history for Common Market Great Lakes showing financial trends over 1 year of public records:
In its most recent filing year (2023), Common Market Great Lakes reported a deficit of $177K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $878K in assets (debt-to-asset ratio: 122.5%), resulting in net assets of $-197,284.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $143K | $321K | $878K | $1.1M | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Common Market Great Lakes:
Data Sources and Methodology
This transparency report for Common Market Great Lakes 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.