Chicago Roofers Apprentice Fund

Analysis

Chicago Roofers Apprentice Fund is a registered charity in United States, based in Indianhead PK, IL. It received its IRS tax-exemption ruling in September 1965, 61 years ago. 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, Chicago Roofers Apprentice Fund reported income of $2.9m and spending of $2.4m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.9m (+66%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chicago Roofers Apprentice Fund sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Target Eight Advisory Council ($2.9m), Opportunity Plan Inc ($2.9m) and American Finance Association ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $28k (1.1% of expenses). Other salaries and wages came to $725k. At year end it held assets of $7.7m against liabilities of $1.6m, net assets of $6.1m. It reported 39 employees.