Illinois · Nonprofit
XCHANGE CHICAGO INC
XCHANGE CHICAGO INC (Illinois) receives grants from 8 organizations whose IRS filings report $2,995,000 to it, the largest being ROBERT R MCCORMICK FOUNDATION ($2,000,000). 1 of them have funded it in more than one year, and 92% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $6.1M
- Funders on record
- 8
- Grants received
- $3.0M
- Net assets
- $4.7M
What Xchange Chicago Inc does
Mission
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 opportunities in tech and other rapidly growing fields with high earning potential.
As stated on its FY2024 Form 990.
Program
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 opportunities in tech and other rapidly growing fields with high earning potential
$0 spent
The program described on its FY2023 Form 990-EZ. Program spending in total: $0.
The organization over time
Each line starts at 100 in 2023, so what you read is the shape rather than the size: 150 means half as much again as 2023, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $120k to $10M (+8271%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2024 41%. Grants only. Government contracts and fees sit inside program revenue.
99% of XCHANGE CHICAGO INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (16% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 2 reported years ran a deficit.
reserve
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
3 of 8 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 92% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of XCHANGE CHICAGO INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
XCHANGE CHICAGO INC leans on a few funders — its largest provides 67% of grant income and the top three 92%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
92% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund XCHANGE CHICAGO INC.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
92% of XCHANGE CHICAGO INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $230k that is directly attributable, 96% of it comes from Illinois funders.
Funder states come from each funder’s own filing. $2.8M arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
XCHANGE CHICAGO INC runs a healthier operating margin than three-quarters of the 1,551 employment nonprofits its size.
this organization peer median middle 50% of peers· 1,551 employment nonprofits $1M–$10M, FY2024
Organizations like XCHANGE CHICAGO INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Illinois
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
100% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Xchange Chicago Support Corporation · exempt
Screen this organization
A dated, signed PDF of the compliance screen for XCHANGE CHICAGO INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds XCHANGE CHICAGO INC?
- XCHANGE CHICAGO INC (Illinois) receives grants from 8 organizations whose IRS filings report $2,995,000 to it, the largest being ROBERT R MCCORMICK FOUNDATION ($2,000,000). 1 of them have funded it in more than one year, and 92% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does XCHANGE CHICAGO INC have?
- IRS filings report 8 organizations giving $2,995,000 in grants to XCHANGE CHICAGO INC, 1 of which have funded it in more than one year.
- Who is the largest funder of XCHANGE CHICAGO INC?
- ROBERT R MCCORMICK FOUNDATION is the largest funder on record, with $2,000,000 in grants. The full list of funders is on this page.
- How can an organization like XCHANGE CHICAGO INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2023–2024), and the filings of 8 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing