FINANCIAL HEALTH NETWORK INC

CHICAGO, IL, 60602-3355 (312) 995-1535 Est. 2005 EIN 20-3006098
S30 - Economic Development 990 - Public charity return 501(c)(3)
cfsinnovation.org

Mission

THE FINANCIAL HEALTH NETWORK IS A TRUSTED RESOURCE FOR BUSINESS LEADERS, POLICYMAKERS, AND INNOVATORS UNITED IN A MISSION TO IMPROVE THE FINANCIAL HEALTH OF THEIR CUSTOMERS, EMPLOYEES, AND COMMUNITIES. WE ENVISION A FUTURE WHERE ALL PEOPLE, ESPECIALLY THE MOST VULNERABLE, HAVE THE FINANCIAL SYSTEMS THEY NEED TO BE RESILIENT AND THRIVE. OUR MISSION IS TO IMPROVE FINANCIAL HEALTH FOR ALL.

Giving Portfolio

Total Grants
69
Total Giving
$3.3M
Recipients
69
Years Active
2018 - 2023
Avg grant: $51,961 Median: $37,500

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20231$25K $25K10
20225$470K $94K41
202110$700K $70K100
202012$861K $72K93
201913$194K $15K58
201828$1.0M $36K280

Sectors Funded

Human Services
7
Community Improvement
4
Crime & Legal-Related
4
Philanthropy & Grantmaking
4
Arts, Culture & Humanities
2
Social Science
2
Environment
1
Education
1
and 3 more sectors

Top States

New York
23
California
19
District of Columbia
5
Illinois
5
Alabama
3
Maryland
2
Massachusetts
2
Iowa
1
and 9 more states

Grantee Size Profile

Over $50M
9
$1M - $5M
8
$5M - $10M
7
$10M - $50M
4
$100K - $500K
3
$500K - $1M
3

Top Grantees

Page 1 of 3
ONWARD FINANCIAL INC
MD - 2 grants
$178K
$151K
CA
$150K
EDQUITY INC
NY
$150K
$125K
CA - 2 grants
$100K

Grants Awarded · 36 grants

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Financials

Total Revenue
$15,680,196
Total Expenses
$11,426,970
Net Assets
$19,083,170
47 employees 9 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
20.0 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 34.8%
Expenses ↓ 4.6%
Revenue Sources
Contributions 52.4% Earned revenue 42.0% Investment 5.5%
Expense Breakdown
Program 82.5% Management 13.5% Fundraising 4.0%

Officers & Trustees (17)

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Filing History (7 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$15,680,196 ↑$11,426,970$19,083,170
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$11,629,061 ↓$11,982,404$15,148,032
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$19,220,654 ↑$17,717,829$15,851,650
2021 990 - Public charity return
Jan 1, 2021 to Dec 31, 2021
$18,603,239 ↓$18,394,468$14,050,178
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$21,613,660 ↑$17,641,808$13,634,875
2019 990 - Public charity return
Jan 1, 2019 to Dec 31, 2019
$14,878,199 ↑$15,807,016$9,636,346
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$12,101,988 $13,962,093$15,950,782

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EIN: 20-3006098 · Source: IRS Form 990 e-file data