Chicago Urban League

Analysis

Chicago Urban League is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1948, 78 years ago. Its declared purposes cover employment, 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 June 2023, Chicago Urban League reported income of $17.6m and spending of $11.3m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $17.6m (+162%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 135%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chicago Urban League sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Huron Area Center for Independence ($17.6m), Ardmore Enterprises Inc ($17.6m) and Ridc Regional Growth Fund ($17.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $247k (2.2% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $13.7m against liabilities of $3.4m, net assets of $10.3m. It reported 88 employees.