Chicagami

Analysis

Chicagami is a registered charity in United States, based in Eveleth, MN. It received its IRS tax-exemption ruling in February 1945, 81 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, Chicagami reported income of $129k and spending of $167k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $162k to $129k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2022, when income rose by 89%. Over the whole period it spent 128% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chicagami sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include Mustang Baseball of Central Ohio ($129k), San Diego Asian American Sports Club ($129k) and Pennsylvania State Association of County Fairs ($129k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $34k (20% of expenses). Other salaries and wages came to $33k. At year end it held assets of $84k against liabilities of $12k, net assets of $72k. It reported 62 employees.

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.