Chapel-Lakes Area Foundation Inc

Analysis

Chapel-Lakes Area Foundation Inc is a registered charity in United States, based in Alsip, IL. It received its IRS tax-exemption ruling in April 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chapel-Lakes Area Foundation Inc reported income of $797k and spending of $264k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $797k (+1245%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 1339%. Over the whole period it spent 25% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chapel-Lakes Area Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include American Water Works Association ($797k), Homebase Texas ($797k) and Brethren Home of Girard ($797k).

At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.