Distinctive Schools of Illinois

Analysis

Distinctive Schools of Illinois is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Distinctive Schools of Illinois reported income of $41.7m and spending of $41.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $41.7m (+1210%), an average of +90% a year. The sharpest change came in the year to June 2021, when income rose by 899%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Distinctive Schools of Illinois 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 98th percentile within IL. Charities of a similar size with the same main cause include Clarke University of Dubuque Iowa ($41.7m), Early Learning Coalition of Northwest Florida Inc ($41.8m) and Equitas Academy Charter School Inc ($41.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.3m (5.4% of expenses). Other salaries and wages came to $30.1m. At year end it held assets of $3.8m against liabilities of $2.6m, net assets of $1.2m. It reported 894 employees.