City Colleges of Chicago Foundation

Analysis

City Colleges of Chicago Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1982, 44 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, City Colleges of Chicago Foundation reported income of $6.2m and spending of $7.5m, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $7.6m to $6.2m (-19%), an average of -6.8% a year. The sharpest change came in the year to June 2021, when income rose by 87%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, City Colleges of Chicago Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include South County Outreach ($6.2m), Minnesota State University Moorhead Foundation Inc ($6.2m) and Androscoggin Head Start & Child Care ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $23.8m against liabilities of $323k, net assets of $23.4m.