The Economic Club of Chicago

Analysis

The Economic Club of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Economic Club of Chicago reported income of $5.7m and spending of $5.0m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $5.7m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Economic Club of Chicago 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 93rd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Connecticut Association of Public School Superintendents Inc ($5.7m), Leap Social Enterprise Inc ($5.7m) and Community School of Cleburne County ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 84% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $7.7m against liabilities of $1.6m, net assets of $6.1m. It reported 21 employees.