Chicago Chesed Fund Inc

Analysis

Chicago Chesed Fund Inc is a registered charity in United States, based in Lincolnwood, IL. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Chesed Fund Inc reported income of $9.2m and spending of $8.8m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $9.2m (+83%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chicago Chesed Fund Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include National Health Care for the Homeless Council Inc ($9.2m), Threshold Coc ($9.2m) and Starr Commonwealth ($9.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $16.2m against liabilities of $2.2m, net assets of $14.0m. It reported 44 employees.