Millennium Park Foundation

Analysis

Millennium Park Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Millennium Park Foundation reported income of $2.5m and spending of $1.8m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.5m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 728%. Over the whole period it spent 66% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Millennium Park Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Dripping Springs Youth Sports Association ($2.5m), Norco Juniors Inc ($2.5m) and Lphsa Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. Compensation of current officers, directors and key employees was $218k (12% of expenses). Other salaries and wages came to $225k. At year end it held assets of $49.7m against liabilities of $75k, net assets of $49.6m. It reported 5 employees.