Children & Teachers Foundation of the Chicago Teachers Union

Analysis

Children & Teachers Foundation of the Chicago Teachers Union is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2015, 11 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 June 2023, Children & Teachers Foundation of the Chicago Teachers Union reported income of $104k and spending of $741k, spending 714% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $230k to $104k (-55%), an average of -33% a year. The sharpest change came in the year to June 2023, when income dropped by 56%. Over the whole period it spent 380% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Children & Teachers Foundation of the Chicago Teachers Union sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within IL. Charities of a similar size with the same main cause include Davis Magnet School Education Foundation ($104k), Mothers Club of Grosse Pointe South High School ($104k) and Alumni and Friends of Lynn Classical High School Inc ($104k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $440k (59% of expenses). Other salaries and wages came to $89k. At year end it held assets of $40k against liabilities of $2.4m, net assets of -$2.4m. It reported 6 employees.

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.