50
The Magnificent Mile Association
Community Development · Chicago, Illinois
625 N Michigan Ave Ste 401, Chicago, IL 60611-3186
EIN: 362119989· Founded: Jul 2021· 5 years active· Filing Year: 2023
Annual Revenue
$3.5M
Total Expenses
$3.6M
Total Assets
$2.5M
Program Spending
42%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$619K
17.4% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$303K
Total Payroll
$922K
26% of total expenses
Where the Money Goes
42%
Programs: 42%
Payroll: 26%
Other overhead: 58%
Program Revenue$1.5M (43%)
Total Expenses$3.6M (100%)
Payroll$922K (26%)
Overhead (non-program)58%
Trust Score Breakdown
Program Spending Ratio
42% of expenses go to programs
Revenue & Stability
$3.5M annual revenue
Executive Compensation
$619K total officer comp (17.4% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$2.5M in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.