Infant Welfare Society of Chicago

Analysis

Infant Welfare Society of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1938, 88 years ago. 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, Infant Welfare Society of Chicago reported income of $8.7m and spending of $9.7m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.7m to $8.7m (+13%), an average of +3.1% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Infant Welfare Society of Chicago sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include St Edmunds Academy ($8.7m), New Horizons Community Mental Health Center Inc ($8.7m) and Neighborhood Healthsource ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $995k (10% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $14.1m against liabilities of $605k, net assets of $13.5m. It reported 106 employees.