Chicago Loop Alliance Foundation

Analysis

Chicago Loop Alliance Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2007, 19 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, Chicago Loop Alliance Foundation reported income of $541k and spending of $481k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $327k to $541k (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 169%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chicago Loop Alliance Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Friends of Columbia Secondary School for Math Science and ($541k), Cast Metals Institute ($541k) and Exceptional Way Inc ($541k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 71% of the total. At year end it held assets of $431k against liabilities of $9,806, net assets of $421k.