Julie and Michael Tracy Family Foundation

Analysis

Julie and Michael Tracy Family Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 2024, Julie and Michael Tracy Family Foundation reported income of $1.4m and spending of $1.3m, spending 88% of its income. Across the 6 years on record, from December 2019 to June 2024, income grew from $892k to $1.4m (+61%), an average of +10% a year. The sharpest change came in the year to June 2024, when income rose by 145%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Julie and Michael Tracy Family Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Austin Speech Labs Inc ($1.4m), Dignity Health Management Center Inc ($1.4m) and Heartbeat of Miami Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $135k (11% of expenses). Other salaries and wages came to $480k. It paid $13k in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $350k, net assets of $864k. It reported 19 employees.