Cristo Rey Network

Analysis

Cristo Rey Network is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cristo Rey Network reported income of $21.2m and spending of $17.4m, spending 82% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $8.3m to $21.2m (+155%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 71%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cristo Rey Network sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Americans for Ben-Gurion University Inc ($21.1m), 21st Century Cyber Charter School ($21.2m) and Aeci II NYC Charter High School for Computer Engineering and Innovat ($21.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $262k (1.5% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $29.2m against liabilities of $2.6m, net assets of $26.6m. It reported 38 employees.