Chicago Bulls Charities

Analysis

Chicago Bulls Charities is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Chicago Bulls Charities reported income of $2.1m and spending of $14.8m, spending 717% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $2.1m (+91%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 601%. Over the whole period it spent 324% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chicago Bulls Charities sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Licensed Dental Hygiene Care ($2.1m), Yeshivas Dvar Torah Inc ($2.1m) and Permission to Start Dreaming Foundation ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $3.8m against liabilities of $724k, net assets of $3.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.