Chicago Summer Finance Institute Inc

Analysis

Chicago Summer Finance Institute Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Summer Finance Institute Inc reported income of $191k and spending of $163k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $177k to $191k (+8.1%), an average of +2.0% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chicago Summer Finance Institute Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within IL. Charities of a similar size with the same main cause include North Carolina Economic Development Association Foundation Inc ($191k), Dureh Community Center ($191k) and Rotary Club of Ventura-East Foundation Inc ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $131k. At year end it held assets of $254k against liabilities of $0, net assets of $254k.