N the Spirit Inc
Only null% goes to programs Strong reserves Growing revenue
N the Spirit Inc is a 501(c)(3) organization based in Chicago, Illinois, registered in 2003, with $471,506 in FY2024 revenue. CharityIndex grades it B.
7225 S Yale Ave, Chicago, IL, 60621 EIN 02-0561589 Since 2003
Revenue (FY2024)
$472K
▼ 11.5% vs prior year
Housing median: $408K
Expenses (FY2024)
$452K
Net assets
$295K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
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 N the Spirit Inc— 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 rating8 mo reserves · +4% 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 N the Spirit Inc: 8 mo reserves · +4% 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 N the Spirit Inc— 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 N the Spirit Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 7225 S Yale Ave, Chicago, IL, 60621
- City
- Chicago
- State
- Illinois
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Website
- …
Financial trends
Revenue grew from $294K (FY2020) to $472K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $6,000Net assets $295K
Operating margin
4.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$301K
Total liabilities
$6,000
Net assets
$295K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $471,506▼11.5% | $451,742▲8.7% | $295,220▲7.2% | $301,220▲7.9% | 990 |
| 2023 | $533,048▲35.3% | $415,669▲23.4% | $275,404▲74.3% | $279,218▲74.1% | 990 |
| 2022 | $394,117▲38.9% | $336,961▲12.5% | $158,025▲115% | $160,343▼6.0% | 990 |
| 2021 | $283,738▼3.4% | $299,612▲27.4% | $73,612▼17.7% | $170,512▼9.4% | 990 |
| 2020 | $293,715 | $235,257 | $89,486 | $188,104 | 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 · $12K total
1 grant to N the Spirit Inc totaling $12K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Chicago Community Trust | To support trht to facilitate a series of 3 circles and train staff to incorporate and facilitate future groups at their facility | 2020 | $12,000 |
Similar organizations in Housing
- Housing
Qumbya Housing Cooperative
Chicago, IL
$477K
C+annual revenue
- Housing
Home 2 Home Project
Western Sprgs, IL
$486K
C+annual revenue
Housing
Greencastle of Sterling Inc
Oak Brook, IL
$456K
Bannual revenue
- Housing
Independence House L L C
Chicago, IL
$490K
Fannual revenue
- Housing
Missionary Furlough Homes Foundation
Wheaton, IL
$450K
C+annual revenue
Housing
Chicago Community Land Trust
Chicago, IL
$496K
Dannual revenue
Housing
Gap Community Center
Chicago, IL
$497K
Bannual revenue
- Housing
Sacramento Elderly Housing Corporation
Chicago, IL
$498K
Fannual revenue
- Housing
Victoria Jennings Residences Ltd
Chicago, IL
$505K
Fannual revenue
Housing
Franklin-williamson Properties Inc
W Frankfort, IL
$436K
Dannual revenue
Compare N the Spirit Inc
Frequently asked questions
- Is N the Spirit Inc a legitimate nonprofit?
- Yes. N the Spirit Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 02-0561589, based in Chicago, Illinois. Donations are tax-deductible.
- What is N the Spirit Inc's EIN?
- N the Spirit Inc's Employer Identification Number (EIN) is 02-0561589.
- How much revenue does N the Spirit Inc report?
- N the Spirit Inc reported $471,506 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does N the Spirit Inc have?
- CharityIndex grades N the Spirit Inc B, based on financial health (reserves and operating margin).
More nonprofits in Chicago
Explore more
Data for N the Spirit Inc (EIN 02-0561589) 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.