Chicago Pegasus Inc

Analysis

Chicago Pegasus Inc is a registered charity in United States, based in Deerfield, IL. It received its IRS tax-exemption ruling in June 2023, 3 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 Pegasus Inc reported income of $1.5m and spending of $1.3m, spending 87% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $756k to $1.5m (+100%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chicago Pegasus Inc 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 Wellington Soccer Club Inc ($1.5m), Olathe Soccer Club Inc ($1.5m) and Alpharetta Ambush Soccer Club Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.2m against liabilities of $623k, net assets of $608k.