Chicago Heightening Opportunity and Potential for Educational Success

Analysis

Chicago Heightening Opportunity and Potential for Educational Success is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2012, 14 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 Heightening Opportunity and Potential for Educational Success reported income of $1.4m and spending of $1.2m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $710k to $1.4m (+94%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 50%. 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 Heightening Opportunity and Potential for Educational Success sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include West Ward Civic Cultural Educational Development Associatio ($1.4m), Master the Possibilities Inc ($1.4m) and Montessori Renaissance Academy ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $818k. At year end it held assets of $1.5m against liabilities of $17k, net assets of $1.5m. It reported 61 employees.