Jewish Federation of Metropolitan Chicago

Analysis

Jewish Federation of Metropolitan Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1949, 77 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Jewish Federation of Metropolitan Chicago reported income of $169.1m and spending of $209.1m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $206.1m to $169.1m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jewish Federation of Metropolitan Chicago sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IL. Charities of a similar size with the same main cause include Orange County Community Foundation ($166.6m), The Community FDN of Middle TN Inc ($169.7m) and The Verity Charitable Fund Inc ($162.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $2.4m (1.1% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $981.5m against liabilities of $262.5m, net assets of $718.9m.