IMPACT FOR EQUITY INC
Mission Statement
Redressing structural racism is fundamental to BPI’s overall social justice mission and central to all work in our core program areas: affordable housing, criminal legal system, police accountability, and early childhood learning. BPI’s goals in each area focus on the fundamental structural inequities in major societal systems. Racialized economic disparities are the predictable outcome of the issues BPI works to address. By working towards systemic change—to make systems more equitable—we collaborate with community partners to ensure that those living in under-resourced communities have access to life opportunities. BPI was created in 1969 by founders who believed that the business and professional community had an obligation to society. Today, BPI continues to build on its history of combating systemic barriers to equity. With lawyers and policy specialists on staff, BPI has the expertise, capacity, and relationships to apply whatever approach best suits a persisting social justice challenge, whether legal and policy research, advocacy, organizing, legislation, litigation, collaboration with nonprofit, community, government, and academic organizations or, as is frequently the case, a combination of these. This versatility promotes creative problem-solving and—coupled with our independence and tenacity—has positioned BPI at the forefront of many Chicago-region public interest issues that affect the lives of children and families throughout the city and region.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
70.9% | 83.4% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
10.6% | 11.8% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
18.5% | 2.1% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
153.9% | 148.5% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
56.1 mo | 8.5 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
2.2% | 15.7% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
66.0% | 96.0% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-46.3% | 8.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-22.2% | 8.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
11.2% | 2.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $2.8M | $2.5M | $11.5M | 70.9% | 21 |
| 2023 | $5.2M | $3.2M | $10.7M | 75.6% | 18 |
| 2022 | $3.8M | $3.7M | $10.6M | 80.0% | 22 |
| 2021 | $3.4M | $2.8M | N/A | — | 27 |
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