Service Club of Chicago

Analysis

Service Club of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1937, 89 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Service Club of Chicago reported income of $823k and spending of $816k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $544k to $823k (+51%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Service Club of Chicago 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 76th percentile within IL. Charities of a similar size with the same main cause include Wesley House Community Corporation Inc ($822k), Pitkin Avenue District Management Association Inc ($823k) and Grow Inc ($822k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 37% of the total. At year end it held assets of $2.0m against liabilities of $16k, net assets of $2.0m.