Chicago Mikvah Association Inc

Analysis

Chicago Mikvah Association Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Mikvah Association Inc reported income of $987k and spending of $888k, spending 90% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $402k to $987k (+146%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 134%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chicago Mikvah Association Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include One Ministries Inc ($987k), Nehemiah Project International Ministry ($987k) and Weaverland Financial Aid of Wisconsin ($986k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $50k (5.6% of expenses). Other salaries and wages came to $168k. At year end it held assets of $2.0m against liabilities of $404k, net assets of $1.6m. It reported 29 employees.