Ladies of Virtue NFP

Analysis

Ladies of Virtue NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Ladies of Virtue NFP reported income of $1.7m and spending of $1.5m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $299k to $1.7m (+455%), an average of +54% a year. The sharpest change came in the year to December 2020, when income rose by 85%. Over the whole period it spent 86% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Ladies of Virtue NFP sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Youth Employment Academy ($1.7m), My Place Teen Center Inc ($1.7m) and Project Hawaii Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.1% of the total. Other salaries and wages came to $589k. At year end it held assets of $1.2m against liabilities of $28k, net assets of $1.2m.