Illinois Network of Charter Schools

Analysis

Illinois Network of Charter Schools is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2004, 22 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 December 2023, Illinois Network of Charter Schools reported income of $4.5m and spending of $4.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $4.5m (+59%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Illinois Network of Charter Schools sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include North Shore Community School ($4.5m), International Academies of Ohio ($4.5m) and Delta Tau Delta Educational Foundation Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $376k (8.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $9.9m against liabilities of $1.9m, net assets of $8.0m. It reported 17 employees.