Far South Cdc
Only null% goes to programs Strong reserves Growing revenue
Far South Cdc is a 501(c)(3) organization based in Chicago, Illinois, registered in 1980, with $5,082,779 in FY2024 revenue. CharityIndex grades it C+.
853 W 115th St, Chicago, IL, 60643 EIN 36-2946248 Since 1980
Revenue (FY2024)
$5.1M
▲ 84.8% vs prior year
Community median: $184K
Expenses (FY2024)
$4.5M
Net assets
$4.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Far South Cdc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +11% 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 Far South Cdc: 11 mo reserves · +11% margin earns a A 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 Far South Cdc— 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 Far South Cdc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 853 W 115th St, Chicago, IL, 60643
- City
- Chicago
- State
- Illinois
- Subcategory
- Economic Development
Financial trends
Revenue grew from $1.4M (FY2018) to $5.1M (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $5.1MNet assets $4.1M
Operating margin
11.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$9.2M
Total liabilities
$5.1M
Net assets
$4.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $5,082,779▲84.8% | $4,508,395▲40.4% | $4,147,306▲60.7% | $9,248,791▲65.5% | 990 |
| 2023 | $2,749,870▼14.6% | $3,210,799▼8.0% | $2,580,419▼14.5% | $5,588,988▲36.3% | 990 |
| 2022 | $3,221,500▲19.5% | $3,488,681▲71.6% | $3,016,427▼8.1% | $4,099,880▼4.7% | 990 |
| 2021 | $2,694,787▲59.3% | $2,032,945▲39.1% | $3,282,770▲16.3% | $4,303,074▲21.9% | 990 |
| 2020 | $1,691,162▼3.3% | $1,461,971▼8.4% | $2,823,532▲11.7% | $3,530,156▲11.4% | 990 |
| 2019 | $1,748,745▲27.3% | $1,596,084▲12.3% | $2,527,577▲6.5% | $3,169,383▲15.1% | 990 |
| 2018 | $1,373,199 | $1,421,274▲206% | $2,374,399▲7234% | $2,753,136▲295% | 990 |
| 2010 | — | $464,262 | $32,376 | $696,461 | 990 |
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.
Grants received · $2.0M total
12 grants to Far South Cdc totaling $2.0M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Local Initiatives Support Corporation | See part iv | 2024 | $15,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $10,250 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $500,000 |
| The Chicago Community Trust | Supporting general operations of neighborhood organization that facilitates and promotes neighborhood investment work in their community, from the searle funds at the chicago community trust. | 2022 | $100,000 |
| Womens Business Development Center | Small business assistance grants | 2022 | $15,000 |
| The Chicago Community Trust | In support of the housing and equity assistance pilot program. in support of pace pulse mixed-use transit supportive development (mtsd). in support of far south cdc's supplier diversity and procurement pilot program. in support of general operations. | 2021 | $380,000 |
| The Chicago Community Trust | In support of the housing and equity assistance pilot program. in support of pace pulse mixed-use transit supportive development (mtsd). in support of far south cdc's supplier diversity and procurement pilot program. in support of general operations. | 2021 | $380,000 |
| Local Initiatives Support Corporation | See part iv | 2021 | $60,000 |
| The Chicago Community Trust | To support housing and equity assistance pilot program, far south cdc, morgan park commons development, and capacity building for roseland community medical district | 2020 | $355,000 |
| The Chicago Community Trust | To support the flexible funds program | 2019 | $100,000 |
| The Chicago Community Trust | For their market assessment. | 2018 | $20,000 |
| The Chicago Community Trust | Housing+ transportation, distribution and logistics re-entry program | 2017 | $100,000 |
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Frequently asked questions
- Is Far South Cdc a legitimate nonprofit?
- Yes. Far South Cdc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-2946248, based in Chicago, Illinois. Donations are tax-deductible.
- What is Far South Cdc's EIN?
- Far South Cdc's Employer Identification Number (EIN) is 36-2946248.
- How much revenue does Far South Cdc report?
- Far South Cdc reported $5,082,779 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Far South Cdc have?
- CharityIndex grades Far South Cdc C+, based on financial health (reserves and operating margin).
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Data for Far South Cdc (EIN 36-2946248) 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.