The Ace Project

Analysis

The Ace Project is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Ace Project reported income of $623k and spending of $613k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $224k to $623k (+178%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Ace Project sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Friends of Central Pool Inc ($623k), Soccer for Life Inc ($623k) and Mount Pleasant Swim Club Parentsassociation ($623k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (12% of expenses). At year end it held assets of $203k against liabilities of $42k, net assets of $161k. It reported 1 employees.