Chicago Public Education Fund

Analysis

Chicago Public Education Fund is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1999, 27 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, Chicago Public Education Fund reported income of $6.9m and spending of $6.5m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.3m to $6.9m (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2022, when income rose by 364%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chicago Public Education Fund sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Rise Prep Mayoral Academy ($6.9m), Skema US Inc ($6.9m) and East Chicago Urban Enterprise Academy Inc ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $1.0m (16% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $41.8m against liabilities of $1.3m, net assets of $40.5m. It reported 43 employees.