Chicago State Foundation

Analysis

Chicago State 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 education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chicago State Foundation reported income of $3.8m and spending of $2.5m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $722k to $3.8m (+423%), an average of +51% a year. The sharpest change came in the year to June 2023, when income rose by 366%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chicago State Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Foundation for Applied Molecular Evolution Inc ($3.8m), New Day Charter School ($3.8m) and Aspen Public Education Fund ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 8.1% of the total. At year end it held assets of $9.5m against liabilities of $1.2m, net assets of $8.3m.