Ada P Mccormick Trust 0499-042700
501(c)(92)
Only null% goes to programs Strong reserves Growing revenue
Ada P Mccormick Trust 0499-042700 is a 501(c)(92) organization based in Chicago, Illinois, with $66,931 in FY2024 revenue. CharityIndex grades it F.
10 S Dearborn Il1-0111, Chicago, IL, 60603 EIN 86-6097442
Revenue (FY2024)
$67K
▼ 30.5% vs prior year
Expenses (FY2024)
$116K
Net assets
$1.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Ada P Mccormick Trust 0499-042700— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating142 mo reserves · -73% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ada P Mccormick Trust 0499-042700: 142 mo reserves · -73% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Ada P Mccormick Trust 0499-042700— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ada P Mccormick Trust 0499-042700: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $42K (FY2019) to $67K (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.4M
Operating margin
-72.9%
Spent more than it raised in the latest fiscal year.
Total assets
$1.4M
Total liabilities
$0
Net assets
$1.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $66,931▼30.5% | $115,751▲12.1% | $1,366,958▼3.4% | $1,366,958▼3.4% | 990PF |
| 2023 | $96,250▼7.6% | $103,276▼8.2% | $1,415,778▼0.5% | $1,415,778▼0.5% | 990PF |
| 2022 | $104,118▲95.9% | $112,554▼0.2% | $1,422,803▼0.6% | $1,422,803▼0.6% | 990PF |
| 2021 | $53,156▼41.8% | $112,739▲13.3% | $1,431,221▼4.0% | $1,431,221▼4.0% | 990PF |
| 2020 | $91,362▲116% | $99,545▲2.3% | $1,490,895▼0.5% | $1,490,895▼0.5% | 990PF |
| 2019 | $42,241 | $97,289▼5.3% | $1,499,091▲2.7% | $1,499,091▲2.7% | 990PF |
| 2010 | — | $102,772 | $1,459,392 | $1,459,392 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Ada P Mccormick Trust 0499-042700 a legitimate nonprofit?
- Yes. Ada P Mccormick Trust 0499-042700 is a 501(c)(92) organization registered with the U.S. Internal Revenue Service under EIN 86-6097442, based in Chicago, Illinois.
- What is Ada P Mccormick Trust 0499-042700's EIN?
- Ada P Mccormick Trust 0499-042700's Employer Identification Number (EIN) is 86-6097442.
- How much revenue does Ada P Mccormick Trust 0499-042700 report?
- Ada P Mccormick Trust 0499-042700 reported $66,931 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Ada P Mccormick Trust 0499-042700 have?
- CharityIndex grades Ada P Mccormick Trust 0499-042700 F, based on financial health (reserves and operating margin).
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Data for Ada P Mccormick Trust 0499-042700 (EIN 86-6097442) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.