Chicago Center for Urban Life and Culture

Analysis

Chicago Center for Urban Life and Culture is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Chicago Center for Urban Life and Culture reported income of $558k and spending of $536k, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $521k to $558k (+7.2%), an average of +1.7% a year. The sharpest change came in the year to August 2020, when income dropped by 28%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chicago Center for Urban Life and Culture sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Multinational Exchange for Sustainable Agriculture Inc ($558k), Michael J Connell Memorial Fund Trust ($558k) and 10 Academy Corp ($558k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 7.4% and program service revenue 87% of the total. Other salaries and wages came to $172k. At year end it held assets of $195k against liabilities of $398k, net assets of -$203k. It reported 6 employees.