Community Improvement (S41) IRS Verified DX Registered 990 on File

CHICAGOLAND ENTREPRENEURIAL CENTER

EIN: 20-8411320 · CHICAGO, IL 60612-1577 · United States · FY 2023 Data

3 out of 5 46 / 100 Based on 2+ years of filings

Financial strength (30%) 50/100

Reliability (20%) 50/100

Effectiveness (25%) 85/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

1871 is a private collective of trailblazing founders, visionary leaders, resilient innovators, and steadfast supporters in tech. Immerse in our programs, resources, and community uniquely designed for growing a vibrant tech ecosystem.

Financial Overview — FY 2023

$6.2M

Total Revenue

$9.5M

Total Expenses

$-5,635,957

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 82.1%

Fundraising Efficiency 209.9%

Operating Reserve -7.14x

Liability-to-Asset 127.3%

Revenue Diversification 51.0%

Executive Compensation $833K

Compared with Peers

FY 2023

Compared with 2,193 similar organizations (United States, Community Improvement, $1M–$10M in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	82.1%	85.1%	P10P90	Below median
Admin expense ratio Management and general / total expenses · lower is better	14.9%	11.8%	P10P90	Below median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	3.0%	0.2%	P10P90	Below median
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	209.9%	138.4%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	-7.1 mo	10.6 mo	P10P90	Bottom quarter
Liabilities to assets Total liabilities / total assets · lower is better	127.3%	21.0%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	51.0%	91.2%	P10P90	Top quarter
Revenue growth Year over year revenue growth	-30.9%	7.5%	P10P90
Expense growth Year over year expense growth	-6.1%	13.0%	P10P90
Surplus margin Surplus as a share of revenue	-52.1%	1.8%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$6.2M	$9.5M	$-5,635,957	82.1%	35
2022	$9.0M	$10.1M	$-2,390,768	79.7%	36
2021	$8.1M	$9.5M	N/A	—	41

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Organization Details

EIN: 20-8411320
State: IL
City: CHICAGO
ZIP: 60612-1577
Classification: S41
Category: Community Improvement
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2012
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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