Chicago Bar Foundation

Analysis

Chicago Bar Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1949, 77 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 May 2024, Chicago Bar Foundation reported income of $11.1m and spending of $10.1m, spending 91% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $2.7m to $11.1m (+307%), an average of +42% a year. The sharpest change came in the year to May 2021, when income rose by 96%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chicago Bar Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include National Association of Student Financial Aid Administrators ($11.1m), Oklahoma Connections Academy Inc ($11.1m) and Iu Medical Group Foundation Inc ($11.1m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $160k (1.6% of expenses). Other salaries and wages came to $862k. At year end it held assets of $3.5m against liabilities of $978k, net assets of $2.5m. It reported 14 employees.