Inner-City Education Program

Analysis

Inner-City Education Program is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2022, Inner-City Education Program reported income of $61k and spending of $81k, spending 133% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $200k to $61k (-70%), an average of -33% a year. The sharpest change came in the year to December 2022, when income dropped by 51%. Over the whole period it spent 118% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Inner-City Education Program sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within IL. Charities of a similar size with the same main cause include Road Runners Club of America ($61k), Windsor Septemberfest ($61k) and Contra Costa Bridge Center Inc ($61k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 108% of the total. Compensation of current officers, directors and key employees was $24k (29% of expenses). At year end it held assets of $19k against liabilities of $0, net assets of $19k. It reported 1 employees.