Chicago Literary Club

Analysis

Chicago Literary Club is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1944, 82 years ago. 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 June 2024, Chicago Literary Club reported income of $68k and spending of $126k, spending 187% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $37k to $68k (+83%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 393%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chicago Literary Club sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within IL. Charities of a similar size with the same main cause include International Perinatal Foundation Inc ($68k), Birthright of Albuquerque Inc ($68k) and Grand Boulevard Fire Co Inc ($68k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 27% of the total. At year end it held assets of $676k against liabilities of $255, net assets of $676k.