Chicago Fire Department Foundation

Analysis

Chicago Fire Department Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 Fire Department Foundation reported income of $340k and spending of $371k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $515k to $340k (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 99% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Chicago Fire Department Foundation 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 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Chesnee Community Volunteer Fire Department ($340k), District 6 Hospital Preparedness Planning Committee Inc ($341k) and Florida Fire Marshals & Inspectors Association Inc ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $1.1m against liabilities of $79k, net assets of $1.1m.