Social Venture Partners Chicago

Analysis

Social Venture Partners Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Social Venture Partners Chicago reported income of $435k and spending of $421k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $361k to $435k (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Social Venture Partners Chicago sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include International Health and Development Network ($435k), Marcus Allen Foundation ($436k) and Millennium Fund ($435k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $84k (20% of expenses). Other salaries and wages came to $141k. At year end it held assets of $230k against liabilities of $4,202, net assets of $225k. It reported 3 employees.