Illinois Network Of Charter Schools
Illinois Network Of Charter Schools shows consistent revenue and asset growth with no reported officer compensation.
EIN: 141862409 · Chicago, IL · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $4.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $8.0M |
| Transparency Score | 75/100 |
Is Illinois Network Of Charter Schools Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Illinois Network Of Charter Schools directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Illinois Network Of Charter Schools
Illinois Network Of Charter Schools (EIN: 141862409) is a nonprofit organization based in Chicago, IL, classified under NTEE code B99. The organization reported total revenue of $5.6M and total assets of $9.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Illinois Network Of Charter Schools's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Illinois Network Of Charter Schools is a mid-size nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $4.2M |
| Surplus / Deficit | +$274K |
| Total Assets | $9.9M |
| Total Liabilities | $1.9M |
| Net Assets | $8.0M |
| Operating Margin | 6.1% |
| Debt-to-Asset Ratio | 19.1% |
| Months of Reserves | 28.1 months |
Financial Health Grade: A
In 2023, Illinois Network Of Charter Schools reported a surplus of $274K with revenue exceeding expenses, holds 28.1 months of operating reserves (strong position), has a debt-to-asset ratio of 19.1% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Illinois Network Of Charter Schools's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +62.6% | +45.9% | +36.0% |
| 2022 | -1.5% | +5.0% | -3.6% |
| 2021 | -12.6% | -1.9% | -2.6% |
| 2020 | +13.7% | +18.7% | +10.0% |
| 2019 | -6.1% | -5.1% | +7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Illinois Network Of Charter Schools with a Mission Score of 75 out of 100 (Good). 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, Illinois Network Of Charter Schools 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 $274K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.1%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization with annual revenues exceeding $2 million and assets nearing $10 million, suggesting either pro-bono leadership or compensation being reported under different expense categories, which could impact transparency.
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 Illinois Network Of Charter Schools's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further investigation into leadership compensation practices.
Strengths
The following positive indicators were identified for Illinois Network Of Charter Schools:
- Consistent revenue generation, with the latest revenue at $4,515,692 in 2023.
- Strong asset growth, increasing from $4,911,796 in 2014 to $9,932,494 in 2023.
- Generally positive net income (revenue exceeding expenses) in most reported years, indicating financial sustainability.
- Relatively low liabilities compared to assets, suggesting a healthy balance sheet.
Frequently Asked Questions about Illinois Network Of Charter Schools
Is Illinois Network Of Charter Schools a legitimate charity?
Illinois Network Of Charter Schools (EIN: 141862409) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $5.6M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Illinois Network Of Charter Schools spend its money?
Illinois Network Of Charter Schools directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Illinois Network Of Charter Schools tax-deductible?
Illinois Network Of Charter Schools is registered as a tax-exempt nonprofit (EIN: 141862409). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Illinois Network Of Charter Schools CEO make?
Illinois Network Of Charter Schools's highest-compensated officer earns $2 annually. The organization reported $5.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Illinois Network Of Charter Schools's spending goes to programs?
Illinois Network Of Charter Schools directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Illinois Network Of Charter Schools compare to similar nonprofits?
With a transparency score of 75/100 (Good), Illinois Network Of Charter Schools 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 Illinois Network Of Charter Schools located?
Illinois Network Of Charter Schools is headquartered in Chicago, Illinois and files with the IRS under EIN 141862409. It is classified under NTEE code B99.
How many years of IRS 990 filings does Illinois Network Of Charter Schools have?
Illinois Network Of Charter Schools 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 $5.6M in total revenue.
How is the organization's leadership compensated if officer compensation is consistently reported as 0%?
The IRS 990 filings consistently show 0% officer compensation. This is unusual for an organization of this size and suggests that either the leadership is entirely volunteer-based, or their compensation is categorized differently within the expense structure, which would require a deeper dive into the detailed expense schedules to understand fully.
What is the primary driver of the significant asset growth from $4.9M in 2014 to $9.9M in 2023?
The asset growth appears to be driven by consistent revenue surpluses over expenses in most years, such as the $273,646 surplus in 2023 ($4,515,692 revenue - $4,242,046 expenses) and the $403,078 surplus in 2020 ($3,225,168 revenue - $2,822,090 expenses). This indicates effective financial management and accumulation of resources.
Is the organization's program spending efficient given its mission?
While specific program spending details are not provided in the summary data, the overall financial health and consistent surpluses suggest that the organization has the capacity to fund its programs. A deeper analysis of their Form 990, Part IX, would be needed to assess the efficiency and impact of their program expenditures.
Filing History
IRS 990 filing history for Illinois Network Of Charter Schools showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Illinois Network Of Charter Schools's revenue has grown by 68.3%, moving from $2.7M to $4.5M. Total assets increased by 219.2% over the same period, from $3.1M to $9.9M. Total functional expenses rose by 258.1%, from $1.2M to $4.2M. In its most recent filing year (2023), Illinois Network Of Charter Schools reported a surplus of $274K, with revenue exceeding expenses. The organization holds $1.9M in liabilities against $9.9M in assets (debt-to-asset ratio: 19.1%), resulting in net assets of $8.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $4.2M | $9.9M | $1.9M | — | View 990 |
| 2022 | $2.8M | $2.9M | $7.3M | $72K | — | View 990 |
| 2021 | $2.8M | $2.8M | $7.6M | $234K | — | View 990 |
| 2020 | $3.2M | $2.8M | $7.8M | $567K | — | View 990 |
| 2019 | $2.8M | $2.4M | $7.1M | $263K | — | View 990 |
| 2018 | $3.0M | $2.5M | $6.6M | $217K | — | View 990 |
| 2017 | $3.6M | $2.8M | $6.2M | $333K | — | View 990 |
| 2016 | $2.5M | $2.8M | $5.2M | $178K | — | View 990 |
| 2015 | $3.2M | $2.8M | $5.5M | $227K | — | View 990 |
| 2014 | $3.1M | $2.7M | $4.9M | $39K | — | View 990 |
| 2013 | $3.2M | $2.5M | $4.6M | $66K | — | View 990 |
| 2012 | $2.8M | $2.1M | $3.9M | $38K | — | View 990 |
| 2011 | $2.5M | $1.7M | $3.3M | $41K | — | View 990 |
| 2010 | $2.7M | $1.2M | $3.1M | $729K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $4.2M, and assets of $9.9M (revenue +62.6% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.9M, and assets of $7.3M (revenue -1.5% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.8M, and assets of $7.6M (revenue -12.6% year-over-year).
- 2020: Revenue of $3.2M, expenses of $2.8M, and assets of $7.8M (revenue +13.7% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.4M, and assets of $7.1M (revenue -6.1% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.5M, and assets of $6.6M (revenue -15.9% year-over-year).
- 2017: Revenue of $3.6M, expenses of $2.8M, and assets of $6.2M (revenue +43.0% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.8M, and assets of $5.2M (revenue -22.6% year-over-year).
- 2015: Revenue of $3.2M, expenses of $2.8M, and assets of $5.5M (revenue +5.8% year-over-year).
- 2014: Revenue of $3.1M, expenses of $2.7M, and assets of $4.9M (revenue -4.0% year-over-year).
- 2013: Revenue of $3.2M, expenses of $2.5M, and assets of $4.6M (revenue +12.6% year-over-year).
- 2012: Revenue of $2.8M, expenses of $2.1M, and assets of $3.9M (revenue +12.9% year-over-year).
- 2011: Revenue of $2.5M, expenses of $1.7M, and assets of $3.3M (revenue -6.2% year-over-year).
- 2010: Revenue of $2.7M, expenses of $1.2M, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Illinois Network Of Charter Schools:
Data Sources and Methodology
This transparency report for Illinois Network Of Charter Schools 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.