Gary Comer Youth Center

Analysis

Gary Comer Youth Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 June 2023, Gary Comer Youth Center reported income of $6.0m and spending of $7.2m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $6.0m (+11%), an average of +2.7% a year. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Gary Comer Youth Center 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 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Shining Star Youth & Community Services ($6.0m), Bernies Book Bank ($6.0m) and Boys & Girls Club of Lawrence ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $102k (1.4% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $7.7m against liabilities of $8.3m, net assets of -$567k. It reported 219 employees.