Chicago Volunteer Legal Services Foundation

Analysis

Chicago Volunteer Legal Services Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1972, 54 years ago. 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 Volunteer Legal Services Foundation reported income of $3.7m and spending of $3.2m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $3.7m (+60%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chicago Volunteer Legal Services Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Hope Rescue Mission of the City of Reading Pa ($3.7m), Suffern Free Library ($3.7m) and Maro Employment and Training Association ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $229k (7.2% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $6.1m against liabilities of $1.2m, net assets of $4.9m. It reported 32 employees.