Indiana Society of Chicago Foundation Inc

Analysis

Indiana Society of Chicago Foundation Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Indiana Society of Chicago Foundation Inc reported income of $106k and spending of $115k, spending 109% of what it took in. Across the 4 years on record, from December 2018 to December 2023, income fell from $311k to $106k (-66%), an average of -30% a year. The sharpest change came in the year to December 2019, when income dropped by 50%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indiana Society of Chicago Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within IL. Charities of a similar size with the same main cause include Sound of Silver Band Boosters Inc ($106k), Norfolk Panther Booster Club Inc ($106k) and Medalist Club ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 91% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.