Chicago Dermatological Society Inc

Analysis

Chicago Dermatological Society Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2023, 3 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, Chicago Dermatological Society Inc reported income of $198k and spending of $418k, spending 211% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $199k to $198k (-0.4%), an average of -0.1% a year. The sharpest change came in the year to June 2023, when income rose by 150%. Over the whole period it spent 144% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chicago Dermatological Society Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Blue Water Scholarship Fund ($198k), Friends of Shelby County Go Texan ($198k) and Union City Area School District Foundation ($198k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 28% of the total. At year end it held assets of $493k against liabilities of $83k, net assets of $410k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.