Chicago Development Fund

Analysis

Chicago Development Fund is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chicago Development Fund reported income of $1.2m and spending of $722k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $702k to $1.2m (+72%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chicago Development Fund sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Special Olympics District of Columbia Inc ($1.2m), Habitat for Humanity - Mt Angel Area Inc ($1.2m) and Omaha JT Elect App & Training Comm ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 83% of the total. At year end it held assets of $7.0m against liabilities of $226k, net assets of $6.7m.