Chicago Area Runners Assoc

Analysis

Chicago Area Runners Assoc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1980, 46 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Area Runners Assoc reported income of $1.5m and spending of $1.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.5m (+46%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chicago Area Runners Assoc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Govoah Special Projects Inc ($1.5m), Charleston Regatta Inc ($1.5m) and Reality Sports Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $92k (6.8% of expenses). Other salaries and wages came to $236k. At year end it held assets of $762k against liabilities of $238k, net assets of $524k. It reported 6 employees.