Live Free Chicago

Analysis

Live Free Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2017, 9 years ago. 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 June 2023, Live Free Chicago reported income of $1.3m and spending of $890k, leaving 29% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $288k to $1.3m (+337%), an average of +64% a year. The sharpest change came in the year to June 2022, when income rose by 203%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Live Free Chicago sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Eagles Landing Christian Counseling Center Inc ($1.3m), Koinonia Foundation Inc ($1.3m) and Fishing Has No Boundaries Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $90k (10% of expenses). Other salaries and wages came to $273k. At year end it held assets of $1.1m against liabilities of $8,091, net assets of $1.1m. It reported 8 employees.