Inner City Educational and Recreational Fund

Analysis

Inner City Educational and Recreational Fund is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1988, 38 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Inner City Educational and Recreational Fund reported income of $3.0m and spending of $132k, leaving 96% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income grew from $105k to $3.0m (+2779%), an average of +96% a year. The sharpest change came in the year to June 2023, when income rose by 2262%. Over the whole period it spent 21% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Inner City Educational and Recreational Fund sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Appalachian Community Action & Development Agency Inc ($3.0m), Boy Scouts of America ($3.0m) and Greater Milwaukee Committee for Community Development ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.0% of the total. It paid $4,365 in professional fundraising fees. At year end it held assets of $7.5m against liabilities of $3.8m, net assets of $3.7m.