Chicago Foundlings Home

Analysis

Chicago Foundlings Home is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1943, 83 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Chicago Foundlings Home reported income of $474k and spending of $556k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $565k to $474k (-16%), an average of -4.3% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chicago Foundlings Home sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Ruths House Inc ($474k), Place of Hope Ministries Inc ($474k) and Coordinated Assistance Ministries Inc ($473k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. Other salaries and wages came to $39k. At year end it held assets of $5.6m against liabilities of $186k, net assets of $5.4m. It reported 4 employees.