Chicago Public Library Foundation

Analysis

Chicago Public Library Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Public Library Foundation reported income of $7.0m and spending of $5.5m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $7.0m (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chicago Public Library Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Proprietors of the Boston Athenaeum ($7.0m), Chesapeake Charter School Alliance Ltd ($7.0m) and Education and Leadership Foundation ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $546k (9.9% of expenses). Other salaries and wages came to $541k. At year end it held assets of $39.0m against liabilities of $559k, net assets of $38.5m. It reported 13 employees.