Friends of Alcott School

Analysis

Friends of Alcott School is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Alcott School reported income of $446k and spending of $467k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $532k to $446k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2021, when income rose by 202%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Alcott School sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Leadership Collier Foundation Inc ($445k), Hartley Community Daycare ($446k) and Truth Theological Seminary ($445k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 28% of the total. At year end it held assets of $774k against liabilities of $0, net assets of $774k.