Nami Chicago

Analysis

Nami Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1980, 46 years ago. 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, Nami Chicago reported income of $9.8m and spending of $6.0m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $9.8m (+362%), an average of +47% a year. The sharpest change came in the year to June 2023, when income rose by 69%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nami Chicago 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 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include St Francis Charitable Trust ($9.8m), Trinity Hall ($9.8m) and Heartbeat International Inc ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 44% of the total. Other salaries and wages came to $4.5m. At year end it held assets of $7.8m against liabilities of $294k, net assets of $7.5m. It reported 94 employees.