Search360

Analysis

Search360 is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1970, 56 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Search360 reported income of $24.2m and spending of $21.1m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.0m to $24.2m (+16%), an average of +3.7% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Search360 sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Central Massachusetts Housing Alliance Inc ($24.2m), Broadway Cares-Equity Fights AIDS Inc ($24.2m) and Global Teen Challenge Inc ($24.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10.0% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $551k (2.6% of expenses). Other salaries and wages came to $11.8m. At year end it held assets of $28.3m against liabilities of $9.7m, net assets of $18.6m. It reported 300 employees.