City Club of Chicago

Analysis

City Club of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1944, 82 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, City Club of Chicago reported income of $1.2m and spending of $982k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.2m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income rose by 130%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, City Club of Chicago 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 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Highsight ($1.2m), Hbcu Founders Initiative ($1.2m) and Maldef Property Management Corp ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $104k (11% of expenses). Other salaries and wages came to $56k. At year end it held assets of $234k against liabilities of $227k, net assets of $6,512. It reported 4 employees.