Chicago Retired Teachers Aid Fund Inc

Analysis

Chicago Retired Teachers Aid Fund Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1990, 36 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 Retired Teachers Aid Fund Inc reported income of $521k and spending of $91k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $521k (+137%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 285%. Over the whole period it spent 36% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chicago Retired Teachers Aid Fund Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Guadalupe County Fair Association ($521k), Macon County Communications ($521k) and Midwest Foundaton for Higher Education ($521k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. Compensation of current officers, directors and key employees was $11k (12% of expenses). Other salaries and wages came to $11k. At year end it held assets of $3.3m against liabilities of $3,262, net assets of $3.3m.