Friends of Ravenswood School

Analysis

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

In the financial year ending June 2023, Friends of Ravenswood School reported income of $146k and spending of $126k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $145k to $146k (+0.9%), an average of +0.2% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Ravenswood School sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within IL. Charities of a similar size with the same main cause include Khatib Bridge and Education of Palm City Inc ($146k), Quantum-Veritas International University Systems ($146k) and Kids Xplore Inc ($146k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $219k against liabilities of $1,242, net assets of $218k.