The Chicago Club Preservation Foundation

Analysis

The Chicago Club Preservation Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, The Chicago Club Preservation Foundation reported income of $530k and spending of $591k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $530k (-78%), an average of -32% a year. The sharpest change came in the year to December 2023, when income rose by 328%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Chicago Club Preservation Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Youth Ambassadors Inc ($530k), Enrichment Center a Creative Focus & a Bright Beginning Foundation ($530k) and Urban Musical Theatre Inc ($530k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $2.9m against liabilities of $75k, net assets of $2.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.