Chicago United Inc

Analysis

Chicago United Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1974, 52 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 December 2023, Chicago United Inc reported income of $2.3m and spending of $2.1m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.3m (-5.8%), an average of -1.5% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chicago United Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Joseph Cannon Christmas TR Uw ($2.3m), White Horse Relief Center ($2.3m) and Peacehealth St John Medical Center Foundation ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $375k (18% of expenses). Other salaries and wages came to $911k. At year end it held assets of $2.7m against liabilities of $510k, net assets of $2.2m. It reported 11 employees.