Armed Forces Council of Chicago

Analysis

Armed Forces Council of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1981, 45 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 September 2023, Armed Forces Council of Chicago reported income of $249k and spending of $147k, leaving 41% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income grew from $182k to $249k (+37%), an average of +17% a year. The sharpest change came in the year to September 2022, when income rose by 29%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Armed Forces Council of Chicago sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within IL. Charities of a similar size with the same main cause include Stanwood Area Historical Society ($249k), P R Ministries ($249k) and Kings Daughters & Sons First Circle ($249k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $528k against liabilities of $0, net assets of $528k.