Chicago Freedom School

Analysis

Chicago Freedom School is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 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 Freedom School reported income of $919k and spending of $1.1m, spending 117% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $391k to $919k (+135%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 522%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chicago Freedom School sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include T L L Temple Memorial Library & Archives ($918k), Climate Action Pathways for Schools ($919k) and Ifa Foundation ($918k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $84k (7.8% of expenses). Other salaries and wages came to $270k. At year end it held assets of $1.5m against liabilities of $317k, net assets of $1.2m. It reported 10 employees.