Chicago & Vicinity Laborers

Analysis

Chicago & Vicinity Laborers is a registered charity in United States, based in Carol Stream, IL. It received its IRS tax-exemption ruling in March 1988, 38 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Chicago & Vicinity Laborers reported income of $23.1m and spending of $15.9m, leaving 31% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $21.3m to $23.1m (+8.4%), an average of +2.0% a year. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chicago & Vicinity Laborers sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include First Community Housing ($23.1m), Merton College ($23.1m) and Suncoast Manor Retirement Community Inc ($23.1m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $337k (2.1% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $99.8m against liabilities of $19.6m, net assets of $80.2m. It reported 442 employees.