Icna Chicago Illinois Organization

Analysis

Icna Chicago Illinois Organization is a registered charity in United States, based in Oakbrook Terrace, IL. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Icna Chicago Illinois Organization reported income of $1.2m and spending of $1.0m, spending 85% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.1m to $1.2m (+12%), an average of +2.3% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Icna Chicago Illinois Organization sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Greater Dayton Islamic Foundation Inc ($1.2m), Advancing the Gospel in Angola Inc ($1.2m) and Shirdi Sai Parivaar ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $388k. It paid $5,534 in professional fundraising fees. At year end it held assets of $3.0m against liabilities of $11k, net assets of $3.0m. It reported 10 employees.