Friends and Family of South Loop School Inc

Analysis

Friends and Family of South Loop School Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Friends and Family of South Loop School Inc reported income of $87k and spending of $17k, leaving 80% of income unspent that year. Across the 3 years on record, from April 2022 to July 2023, income fell from $100k to $87k (-13%), an average of -6.8% a year. The sharpest change came in the year to July 2023, when income dropped by 32%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends and Family of South Loop School Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within IL. Charities of a similar size with the same main cause include East Lycoming Education Foundation ($87k), Chelsea Rod and Gun Club of Chelsea Michigan ($87k) and Parent Booster USA Inc ($87k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $192k against liabilities of $0, net assets of $192k.