Friends of Payton Association

Analysis

Friends of Payton Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Payton Association reported income of $851k and spending of $422k, leaving 50% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $682k to $851k (+25%), an average of +7.6% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Payton Association sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Community Library Inc ($850k), Lutzie 43 Foundation ($851k) and Southeastern Early College & Career Academy Inc ($850k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $1.8m against liabilities of $4,819, net assets of $1.8m.