Literacy Chicago

Analysis

Literacy Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Literacy Chicago reported income of $578k and spending of $590k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $290k to $578k (+99%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 80%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Chicago sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Glorietta Parents Club ($578k), Luminary Learning Network ($578k) and Ironworkers Training and Education Fund ($577k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $405k (69% of expenses). At year end it held assets of $658k against liabilities of $216k, net assets of $441k. It reported 16 employees.