Chicago Latvian Child Care and Preschool

Analysis

Chicago Latvian Child Care and Preschool is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Latvian Child Care and Preschool reported income of $203k and spending of $194k, spending 96% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $198k to $203k (+2.6%), an average of +1.3% a year. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chicago Latvian Child Care and Preschool sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Bedrock Credit America Inc ($203k), Food for Kids ($203k) and Morro Bay Bird Festival ($203k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $87k (45% of expenses). Other salaries and wages came to $24k. At year end it held assets of $151k against liabilities of $0, net assets of $151k. It reported 6 employees.