Friends of Burley

Analysis

Friends of Burley is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Friends of Burley reported income of $432k and spending of $371k, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $394k to $432k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to August 2022, when income rose by 23%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Burley sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Butternut School Scholarship Program ($432k), Friends of the Memphis & Shelby County Public Libraries ($432k) and Privateschoolscholarships Org ($432k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $680k against liabilities of $0, net assets of $680k.