Chicago Charter School Foundation

Analysis

Chicago Charter School Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chicago Charter School Foundation reported income of $123.1m and spending of $121.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $109.1m to $123.1m (+13%), an average of +3.1% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chicago Charter School Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Uhf-Ca Gift Annuity Reserve TR ($123.1m), George Mason University Foundation Inc ($123.2m) and WB Community Health ($123.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $2.0m (1.6% of expenses). Other salaries and wages came to $62.2m. At year end it held assets of $117.8m against liabilities of $66.7m, net assets of $51.1m. It reported 422 employees.