Chicago Parks Foundation

Analysis

Chicago Parks Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2012, 14 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 Parks Foundation reported income of $4.3m and spending of $4.3m, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $4.5m to $4.3m (-3.8%), an average of -1.3% a year. Over the whole period it spent 73% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chicago Parks Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Wood River Community Young Mens Christian Association Inc ($4.3m), Soccer Without Borders ($4.3m) and Pacific Northwest Soccer Club ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 0.1% of the total. Other salaries and wages came to $493k. At year end it held assets of $10.0m against liabilities of $2.5m, net assets of $7.6m. It reported 7 employees.