Chicago Cubs Charities

Analysis

Chicago Cubs Charities is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1987, 39 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 December 2023, Chicago Cubs Charities reported income of $4.8m and spending of $3.4m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.1m to $4.8m (-7.2%), an average of -1.9% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chicago Cubs Charities sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include The Lifespace Foundation ($4.8m), Travelers Aid Society of Pittsburgh ($4.8m) and Altamed Foundation ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 5.9% of the total. Other salaries and wages came to $342k. At year end it held assets of $14.3m against liabilities of $1.6m, net assets of $12.7m. It reported 15 employees.