Chicago Free School

Analysis

Chicago Free School is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Chicago Free School reported income of $604k and spending of $716k, spending 119% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income grew from $528k to $604k (+14%), an average of +4.5% a year. The sharpest change came in the year to June 2020, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chicago Free School sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Colorado School Finance Project ($604k), Augustine Academy ($604k) and Montgomery County Partnership for Children Inc ($604k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Other salaries and wages came to $510k. At year end it held assets of $69k against liabilities of $70k, net assets of -$409. It reported 6 employees.