Chicago Foundation for Women

Analysis

Chicago Foundation for Women is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1985, 41 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, Chicago Foundation for Women reported income of $7.9m and spending of $6.4m, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.6m to $7.9m (+42%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 98%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chicago Foundation for Women sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include St Marys Woods Inc ($7.9m), New Directions Inc ($7.9m) and Trinity High School Foundation Inc ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $428k (6.7% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $23.7m against liabilities of $2.2m, net assets of $21.5m. It reported 22 employees.