Industrial Council of Nearwest Chicago
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Industrial Council of Nearwest Chicago is a 501(c)(3) organization based in Chicago, Illinois, registered in 1985, with $8,822,239 in FY2024 revenue. CharityIndex grades it C+.
320 N Damen Avenue 1st Floor, Chicago, IL, 60612 EIN 36-3312341 Since 1985
Revenue (FY2024)
$8.8M
▲ 2.4% vs prior year
Expenses (FY2024)
$10.2M
Net assets
$11.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Industrial Council of Nearwest Chicago— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating14 mo reserves · -16% 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 Industrial Council of Nearwest Chicago: 14 mo reserves · -16% margin earns a C+ 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 Industrial Council of Nearwest Chicago— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Industrial Council of Nearwest Chicago: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $656K (FY2013) to $8.8M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $18.6MNet assets $11.6M
Operating margin
-15.9%
Spent more than it raised in the latest fiscal year.
Total assets
$30.2M
Total liabilities
$18.6M
Net assets
$11.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $8,822,239▲2.4% | $10,221,956▲4.2% | $11,592,395▼12.2% | $30,205,467▼5.8% | 990 |
| 2023 | $8,612,313▼2.5% | $9,807,637▲11.7% | $13,208,956▼9.6% | $32,080,463▼5.8% | 990 |
| 2022 | $8,831,961▲25.6% | $8,780,452▲17.6% | $14,607,640▼0.7% | $34,041,028▲80.6% | 990 |
| 2021 | $7,031,368▲78.4% | $7,467,996▲102% | $14,710,573▲107% | $18,846,941▲103% | 990 |
| 2020 | $3,940,577▲42.4% | $3,688,904▲160% | $7,103,098▲3.7% | $9,263,428▲19.9% | 990 |
| 2019 | $2,766,729▼19.3% | $1,416,318▲37.8% | $6,851,425▲15.4% | $7,726,453▲17.7% | 990 |
| 2018 | $3,427,649▲11.2% | $1,028,118▲0.5% | $5,937,436▲67.8% | $6,564,004▲57.8% | 990 |
| 2017 | $3,081,326▲244% | $1,023,198▲13.5% | $3,537,901▲139% | $4,160,398▲125% | 990 |
| 2016 | $895,825▲22.5% | $901,837▲31.9% | $1,479,773▲4.7% | $1,847,571▲10.9% | 990 |
| 2014 | $731,521▲11.4% | $683,969▲14.8% | $1,413,301▲3.5% | $1,666,093▲4.4% | 990 |
| 2013 | $656,454 | $595,742▲9.3% | $1,365,748▲4.7% | $1,595,641▲5.9% | 990 |
| 2012 | — | $545,283▲4.6% | $1,305,031▲9.7% | $1,507,444▲12.4% | 990 |
| 2011 | — | $521,122▼17.1% | $1,189,498▲6.4% | $1,341,396▲4.1% | 990 |
| 2010 | — | $628,238 | $1,118,020 | $1,288,674 | 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 · $1.2M total
8 grants to Industrial Council of Nearwest Chicago totaling $1.2M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $200,125 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $125,938 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $70,000 |
| The Chicago Community Trust | Support for the hatchery, to help leverage its existing impact culinary training program and relationships with community based organizations to create and deliver pepsico impact training in order to introduce job seekers from the west side and south side of chicago to employment opportunities within the food and beverage industry | 2022 | $40,000 |
| The Blackbaud Giving Fund | General support | 2022 | $10,000 |
| The Chicago Community Trust | To support the hatchery chicago, food business incubator, covid-19 response, and the community kitchen program | 2019 | $685,000 |
| Charities Aid Foundation America | Charitable donation | 2019 | $50,000 |
| All Chicago Making Homelessness History | Case management | 2016 | $12,000 |
Frequently asked questions
- Is Industrial Council of Nearwest Chicago a legitimate nonprofit?
- Yes. Industrial Council of Nearwest Chicago is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-3312341, based in Chicago, Illinois. Donations are tax-deductible.
- What is Industrial Council of Nearwest Chicago's EIN?
- Industrial Council of Nearwest Chicago's Employer Identification Number (EIN) is 36-3312341.
- How much revenue does Industrial Council of Nearwest Chicago report?
- Industrial Council of Nearwest Chicago reported $8,822,239 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Industrial Council of Nearwest Chicago have?
- CharityIndex grades Industrial Council of Nearwest Chicago C+, based on financial health (reserves and operating margin).
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Data for Industrial Council of Nearwest Chicago (EIN 36-3312341) 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.