Slovak Academy of Chicago

Analysis

Slovak Academy of Chicago is a registered charity in United States, based in Lombard, IL. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Slovak Academy of Chicago reported income of $56k and spending of $48k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $65k to $56k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Slovak Academy of Chicago sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include North Schuylkill Elementary Parent-Teacher Organization ($56k), Cole Cares ($56k) and Central Little School Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.4% and program service revenue 90% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.