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Human Services : Social Services

Center for Economic Progress

Working solutions for working families

two stars

77.27

567 West Lake Street Suite 1150
Chicago, IL 60661
tel: (312) 252-0280   Web Site
EIN: 36-3693728

Board Leadership
Robert Burke
Chair

CEO
Christine Cheng
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 77.27 two stars
  Financial 68.63 one star
  Accountability & Transparency 93.00 four stars
This rating was published 05/01/2019 and includes data from FY2017, the most recent 990 received at that time.

Established in 1990, the Center for Economic Progress helps hard-working, low-income families move from financial uncertainty to financial security. Local in service but national in voice, we achieve our mission in three ways: we provide trusted tax and financial counseling, giving Illinois families the tools to make sound choices; we lead a national coalition of organizations that promote economic progress for low-wage workers and their families; and we advance policies and practices to create a financial system that works for all.

Established in 1990, the Center for Economic Progress helps hard-working, low-income families move from financial uncertainty to financial security. Local in service but national in voice, we achieve our mission in three ways: we provide trusted tax and financial counseling, giving Illinois families the tools to make sound choices; we lead a national coalition of organizations that promote economic progress for low-wage workers and their families; and we advance policies and practices to create a financial system that works for all.

Impact Information

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Financial

one star

68.63

Accountability & Transparency

four stars

93.00

This rating was published 05/01/2019 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
70.9%
  Administrative Expenses 15.9%
  Fundraising Expenses 13.0%
  Fundraising Efficiency $0.12
  Working Capital Ratio (years) 0.42
  Program Expenses Growth 0.2%
  Liabilities to Assets 25.0%
All data for Financial Performance Metrics calculations was provided by Center for Economic Progress on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Center for Economic Progress on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Center for Economic Progress (IL) 77.27 two stars
Sacred Heart Community Service (CA) 90.04 four stars
MEND - Meet Each Need with Dignity (CA) 89.39 three stars
Family Assistance Ministries (CA) 91.16 four stars
Health Leads (MA) 90.26 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,816,532
   Federated Campaigns $0
   Membership Dues $405
   Fundraising Events $58,250
   Related Organizations $0
   Government Grants $1,203,872
Total Contributions $3,079,059
   Program Service Revenue $0
Total Primary Revenue $3,079,059
   Other Revenue $-970
TOTAL REVENUE $3,078,089
   
EXPENSES  
   Program Expenses $2,276,539
   Administrative Expenses $494,075
   Fundraising Expenses $400,690
TOTAL FUNCTIONAL EXPENSES $3,171,304
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-93,215
   
Net Assets $1,290,630

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Tax Services $1,336,555 58.7%
Financial Capability $333,739 14.6%
Tax Clinic $302,353 13.3%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-12 05/01/2019 77.27 two stars
2016-12 03/01/2018 77.82 two stars
2015-12 03/01/2017 86.19 three stars
2014-12 06/01/2016 83.05 three stars
 
CN 2.0
2014-12 12/01/2015 78.77 two stars
2013-12 06/01/2015 84.79 three stars
2012-12 12/01/2013 82.18 three stars
2011-12 03/01/2013 87.45 three stars
2010-12 02/01/2012 86.32 three stars
2009-12 09/20/2011 91.71 four stars
 
CN 1.0
2009-12 03/01/2011 88.98 three stars
2008-12 02/01/2010 84.84 three stars
2007-12 04/01/2009 92.93 four stars
2006-12 05/01/2008 90.25 four stars
2005-12 12/01/2006 92.93 four stars
2004-06 10/01/2005 92.73 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 36-3693728
Name in IRS Master File CENTER FOR ECONOMIC PROGRESS
NTEE Code [Not Provided by IRS]
NTEE Classification [Not Provided by IRS]
NTEE Type [Not Provided by IRS]
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (398) Instruction and guidance on housing
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date September, 1990
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$149,989 4.72% David Marzahl President & CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Center for Economic Progress (IL) 77.27 two stars
CommUnity (IA) 89.24 three stars
South Hills Interfaith Movement (PA) 89.55 three stars
Interfaith Community Services, California (CA) 93.91 four stars
MIFA (Metropolitan Inter-Faith Association) (TN) 90.02 four stars

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Charity Contact Info

Center for Economic Progress
567 West Lake Street
Suite 1150
Chicago, IL 60661
tel: (312) 252-0280
fax: (312) 252-0285
EIN: 36-3693728

Visit Web Site

Board Leadership

Robert Burke
Chair

CEO

Christine Cheng
Executive Director

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