Chicago Golf Club Scholarship Foundation

Analysis

Chicago Golf Club Scholarship Foundation is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chicago Golf Club Scholarship Foundation reported income of $266k and spending of $138k, leaving 48% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $258k to $266k (+3.3%), an average of +1.6% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 51% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chicago Golf Club Scholarship Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include Center for Advanced Research and Technology ($266k), Mt Pleasant Oilers Athletic Booster S Inc ($266k) and Academy of the Sacred Heart New Orleans Foundation Inc ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $477k against liabilities of $0, net assets of $477k.