Chicago Sports Summit Foundation

Analysis

Chicago Sports Summit Foundation is a registered charity in United States, based in Westchester, IL. It received its IRS tax-exemption ruling in September 2017, 9 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, Chicago Sports Summit Foundation reported income of $98k and spending of $101k, spending 103% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $104k to $98k (-5.9%), an average of -3.0% a year. The sharpest change came in the year to December 2023, when income rose by 175%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chicago Sports Summit Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within IL. Charities of a similar size with the same main cause include Crimson Fencing Charitable Corp ($98k), Tony Bradley Elite ($98k) and Vestavia Hills Youth Football ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 190% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.

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.