Illinois Business and Economic Development Corporation

Illinois Business and Economic Development Corporation is a registered community development nonprofit based in Chicago, IL, United States. It is registered with the Internal Revenue Service (IRS). It was founded in 2016 and has been operating for 10 years. Its EIN is 811265157. According to GiveRadar's records, it holds active tax-deductible status on the IRS Publication 78 list, which means donations are tax-deductible and the organization is in good standing with the IRS. GiveRadar's Integrity Assessment for the organization is 87/100, which reflects how much public information is available, not whether the charity is legitimate. The organization reports $8M in annual revenue. 147 officers and directors are publicly disclosed. No red flags have been detected.

Illinois Business and Economic Development Corporation's EIN (Employer Identification Number) is 811265157. This is the organization's IRS tax identification number; you can use it to verify tax-exempt status and to look up its Form 990 filings with the IRS.

Illinois Business and Economic Development Corporation has a GiveRadar Integrity Assessment of 87/100. This score combines five components: Registration (20 pts), Financial Transparency (30 pts), Governance (20 pts), Contact Availability (10 pts), and Data Recency (20 pts), with negative adjustments for any red flags. A score of 87 ('Strong transparency') reflects well-documented governance, recent financials, named leadership, and working contact details. For comparison, the average integrity assessment for community development charities in United States is 90/100.

Illinois Business and Economic Development Corporation is located in Chicago, IL, United States. The organization was established in 2016 and has been active for 10 years.

Based on official tax filings, Illinois Business and Economic Development Corporation has $8M in annual revenue. It allocates 52% of expenses to programs and services. This is below the average of 87% for community development charities in United States. Its revenue is significantly above the peer average of $3M. Create a free GiveRadar account to view the complete financial breakdown with year-over-year trends.

Illinois Business and Economic Development Corporation is classified as a Community Development organization, registered in United States. It operates as a Publicly-supported charity (509(a)(2)). By size, it is categorized as a large organization. It has $8M in annual revenue. The organization has 147 disclosed officers and directors.

No red flags have been detected for Illinois Business and Economic Development Corporation. GiveRadar automatically screens charities for concerning patterns including high executive compensation, low program spending, and missing financial filings. Based on available official data, no issues have been identified.

According to GiveRadar's records, Illinois Business and Economic Development Corporation holds active tax-deductible status on the IRS Publication 78 list, which means donations are tax-deductible and the organization is in good standing with the IRS. It is registered with the Internal Revenue Service (IRS). It reports that 52% of expenses go to programs (the peer average is 87%). You can donate directly through their official donation page linked on their GiveRadar profile. GiveRadar provides data for research and does not endorse any organization. A GiveRadar Integrity Assessment reflects how much public data is available, not whether an organization is safe to donate to, so it is always smart to do your own research before giving.

Illinois is a global powerhouse at the heart of the U.S. Meet Illinois EDC, your go-to resource for doing business in Illinois. Illinois Business and Economic Development Corporation is classified as a community development organization registered in United States. The organization was founded in 2016.

Among community development charities registered in United States: It allocates 52% of expenses to programs, below the peer average of 87%. Its annual revenue of $8M is well above the peer average of $3M.

Yes, donations to Illinois Business and Economic Development Corporation are generally tax-deductible in the United States. Illinois Business and Economic Development Corporation is a 501(c)(3) tax-exempt organization. Its EIN is 811265157, which you can use for tax filing purposes. Donors can typically deduct contributions on their federal income tax return if they itemize deductions. Consult a tax professional for guidance specific to your situation.