Chicago Chess Foundation

Analysis

Chicago Chess Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2015, 11 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 August 2023, Chicago Chess Foundation reported income of $155k and spending of $143k, spending 92% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $146k to $155k (+6.4%), an average of +6.4% a year. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chicago Chess Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include Meissner Nordic Ski Club ($155k), RHS Spirit Booster ($155k) and Ceres Seahawks Youth Football and Cheer ($155k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 84% and program service revenue 10% of the total. At year end it held assets of $96k against liabilities of $0, net assets of $96k.