Soul Children of Chicago

Analysis

Soul Children of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2021, 5 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, Soul Children of Chicago reported income of $152k and spending of $127k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $205k to $152k (-26%), an average of -7.2% a year. The sharpest change came in the year to June 2022, when income dropped by 22%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Soul Children of Chicago sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include Floyd Rogers Diabetic Foundation ($152k), Broward County Audubon Society Inc ($152k) and Dallas Womans Club Foundation ($152k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $12k (9.1% of expenses). Other salaries and wages came to $12k. At year end it held assets of $53k against liabilities of $0, net assets of $53k.