Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2023.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
Who runs it and what they're paid
3 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Equips residents with skills for high-growth tech jobs, fostering economic equity and community impact.
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Xchange chicago creates more powerful opportunities for diverse talent, commercial growth and community impact. The primary objective of xchange is to realize a more equitable and inclusive economy by advancing innovative workforce solutions that equip local residents with the skills and resources to access high-growth employment…
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $120K | $983K |
| Total assetsLn 16 | $120K | $10.1M |
| LiabilitiesLn 26 | $125K | $5.4M |
| Net assetsLn 32 | −$5K | $4.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $735K | $735K | ||
| Other salaries and wagesLn 7 | $151K | $151K | ||
| Other employee benefitsLn 9 | $2K | $2K | ||
| Payroll taxesLn 10 | $12K | $12K | ||
| Legal feesLn 11b | $18K | $18K | ||
| Other fees for servicesLn 11g | $64K | $64K | ||
| Advertising and promotionLn 12 | $6K | $6K | ||
| Office expensesLn 13 | $5K | $5K | ||
| OccupancyLn 16 | $68K | $68K | ||
| TravelLn 17 | $2K | $2K | ||
| InterestLn 20 | $150K | $150K | ||
| InsuranceLn 23 | $19K | $19K | ||
| Other expenses (24a–d)Ln 24 | $42K | $42K | ||
| All other expensesLn 24e | $20K | $20K | ||
| Total functional expensesLn 25 | $1.3M | $1.3M | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $6.1M | $1.3M | $4.8M | $4.7M | 990 PDF |
| FY2023 | $5K | −$5K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $6,061,909 across 6 lines filed
Part IX · Statement of functional expenses $1,291,401 across 14 lines filed
Part X · Balance sheet $10,077,727 assets, 11 lines filed
Part XI · Reconciliation of net assets $4,668,145 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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