Chicago Police Memorial Foundation

Analysis

Chicago Police Memorial Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Chicago Police Memorial Foundation reported income of $4.5m and spending of $3.4m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $4.5m (+3.8%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chicago Police Memorial Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Social and Public Art Resource Center ($4.5m), Strategic Air Command & Aerospace Museum ($4.5m) and Foundation for the Reading Public Museum ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Other salaries and wages came to $714k. At year end it held assets of $21.1m against liabilities of $12k, net assets of $21.1m. It reported 10 employees.