Chicago Collegiate Inc

Analysis

Chicago Collegiate Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2012, 14 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 June 2023, Chicago Collegiate Inc reported income of $6.0m and spending of $6.5m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $6.0m (+8.0%), an average of +2.0% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chicago Collegiate Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Metropolitan Children and Youth Inc ($6.0m), Thomas More College of Liberal Arts Incorporated ($6.0m) and Rainier Valley Leadership Academy ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $312k (4.8% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $2.9m against liabilities of $2.4m, net assets of $535k. It reported 96 employees.