Skills for Chicago

Analysis

Skills for Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Skills for Chicago reported income of $12.5m and spending of $8.8m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.3m to $12.5m (+98%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Skills for Chicago sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include San Francisco Lesbian Gay Bisexual Transgender Community Center ($12.5m), HWD Harrison Inc ($12.5m) and Northern Middle Tennessee Local Workforce Development Board Inc ($12.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $177k (2.0% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $7.5m against liabilities of $791k, net assets of $6.8m. It reported 68 employees.