Guaranteed Rate Foundation NFP

Analysis

Guaranteed Rate Foundation NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Guaranteed Rate Foundation NFP reported income of $519k and spending of $677k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $519k (-54%), an average of -18% a year. The sharpest change came in the year to December 2020, when income rose by 638%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Guaranteed Rate Foundation NFP sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Washington State Association for Justice Foundation ($519k), Victory Academy Ocala Inc ($519k) and The Music Library Association ($519k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.

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.