Friends of Coonley School

Analysis

Friends of Coonley School is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2006, 20 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, Friends of Coonley School reported income of $630k and spending of $573k, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $598k to $630k (+5.4%), an average of +1.1% a year. The sharpest change came in the year to June 2022, when income rose by 188%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Coonley School sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include South Fayette Township Library ($630k), Painting Hope Inc ($630k) and Hikmah Relief ($630k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% of the total. At year end it held assets of $1.2m against liabilities of $407k, net assets of $762k.