Illinois Hispanic Chamber of Commerce Foundation is a 501(c)(3) organization based in Chicago, Illinois, registered in 2012, with $110,200 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$110K
▼ 39.5% vs prior year
Human Services median: $293K
Expenses (FY2024)
$114K
Net assets
$100K
Employees
—
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 Illinois Hispanic Chamber of Commerce Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Illinois Hispanic Chamber of Commerce Foundation: 11 mo reserves · -3% margin earns a B+ on this criterion. See the exact thresholds →
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 Illinois Hispanic Chamber of Commerce Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Illinois Hispanic Chamber of Commerce Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $129K (FY2014) to $110K (FY2024) across 10 reported years.
Financial snapshot
Operating margin
-3.3%
Spent more than it raised in the latest fiscal year.
Total assets
$101K
Total liabilities
$1,500
Net assets
$100K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $110,200▼39.5% | $113,823▼50.9% | $99,971▼12.0% | $101,471▼18.9% | 990 |
| 2023 | $182,200▲52.4% | $231,630▲816% | $113,594▼30.3% | $125,094▼23.3% | 990 |
| 2022 | $119,564▲4.4% | $25,292▼94.5% | $163,024▲131% | $163,024▲131% | 990 |
| 2021 | $114,550▼8.7% | $457,266▲1271% | $70,610▼40.2% | $70,610▼40.6% | 990 |
| 2019 | $125,439▲62.7% | $33,341▼78.4% | $118,095▲394% | $118,965▲358% | 990 |
| 2018 | $77,095▼63.9% | $154,083▼21.8% | $23,924▼76.3% | $25,997▼80.1% | 990 |
| 2017 | $213,609▲22.6% | $196,912▲91.1% | $100,912▲19.8% | $130,508▲14.4% | 990 |
| 2016 | $174,213▲73.8% | $103,050▲26.2% | $84,214▲545% | $114,098▲290% | 990EZ |
| 2015 | $100,250▼22.5% | $81,647▼9.5% | $13,051▲335% | $29,239▼44.0% | 990EZ |
| 2014 | $129,328 | $90,190 | -$5,552 | $52,228 | 990EZ |
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.
5 grants to Illinois Hispanic Chamber of Commerce Foundation totaling $1.1M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $100,000 |
| The Chicago Community Trust | In support of ihcc's capacity to manage grants and contracts they receive from federal, state, city, and county agencies that enable them to connect latinx small businesses with government-funded programs to stabilize and help them grow. | 2022 | $100,000 |
| The Chicago Community Trust | To support cook county/chicago small business covid-19 response: business advising and education program, and technical assistance | 2020 | $825,000 |
| Tides Foundation | Equality, human rights, and economic empowerment | 2020 | $50,000 |
| Tides Foundation | General support | 2018 | $75,000 |
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Data for Illinois Hispanic Chamber of Commerce Foundation (EIN 35-2417992) 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.