Community Improvement
(S31)
IRS Verified
DX Registered
990 on File
WORLD BUSINESS CHICAGO
Financial strength (30%)
78/100
Reliability (20%)
55/100
Effectiveness (25%)
100/100
Impact (25%)
No data yet
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CharityAI™ Score
Not yet evaluated
Mission Statement
Chaired by Mayor Rahm Emanuel, World Business Chicago (WBC) fosters private sector growth and jobs through the advancement of a business-friendly environment that attracts world class talent. WBC leads the city's business retention, attraction and expansion efforts, raises Chicago's position as a premier global business destination, and guides implementation of the Plan for Economic Growth & Jobs.
Financial Overview — FY 2023
$13.1M
Total Revenue
$13.5M
Total Expenses
$7.7M
Net Assets
70
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
85.2%
Fundraising Efficiency
447.5%
Operating Reserve
6.84x
Liability-to-Asset
34.1%
Revenue Diversification
94.4%
Executive Compensation
$1.4M
Compared with Peers
FY 2023
Compared with 373 similar organizations
(United States, Community Improvement, $10M–$100M 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
|
85.2% | 89.8% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
11.3% | 8.7% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.5% | 0.1% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
447.5% | 320.9% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
6.8 mo | 6.9 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
34.1% | 41.3% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
94.4% | 92.9% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
16.0% | 7.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
14.9% | 11.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-2.7% | 0.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $13.1M | $13.5M | $7.7M | 85.2% | 70 |
| 2022 | $11.3M | $11.7M | $8.9M | 85.8% | 65 |
| 2021 | $9.9M | $8.9M | N/A | — | 53 |
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