Chicago Association for Research and Education in Science

Analysis

Chicago Association for Research and Education in Science is a registered charity in United States, based in Hines, IL. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Chicago Association for Research and Education in Science reported income of $6.6m and spending of $6.3m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $6.7m to $6.6m (-1.6%), an average of -0.4% a year. The sharpest change came in the year to September 2020, when income dropped by 22%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chicago Association for Research and Education in Science sits at the 81st percentile: it is larger than about 81% 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 Wesley Ridge ($6.6m), Halfway Environment for Alcoholics Recovering Inc ($6.6m) and Guest House Inc ($6.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $216k (3.4% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $10.7m against liabilities of $2.6m, net assets of $8.1m. It reported 67 employees.