Commercial Club Foundation

Analysis

Commercial Club Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1986, 40 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, Commercial Club Foundation reported income of $6.2m and spending of $5.6m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.4m to $6.2m (+42%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Commercial Club 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 Edward Health and Fitness Center ($6.2m), Androscoggin Head Start & Child Care ($6.2m) and The Santa Barbara Ventura College O F Law ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $169k (3.0% of expenses). Other salaries and wages came to $22k. At year end it held assets of $3.6m against liabilities of $258k, net assets of $3.4m. It reported 5 employees.