Chicago Low Income Housing Trust Fund

Analysis

Chicago Low Income Housing Trust Fund is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Chicago Low Income Housing Trust Fund reported income of $22.6m and spending of $24.5m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.3m to $22.6m (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 70%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chicago Low Income Housing Trust Fund sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include New Communities Inc ($22.5m), Raymore Senior Care LLC ($22.6m) and Greenville Housing Fund ($22.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $137k (0.6% of expenses). At year end it held assets of $76.8m against liabilities of $2.9m, net assets of $73.9m. It reported 32 employees.