Tag of Chicago Illinois

Analysis

Tag of Chicago Illinois is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Tag of Chicago Illinois reported income of $71k and spending of $78k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $573k to $71k (-88%), an average of -88% a year. The sharpest change came in the year to December 2023, when income dropped by 88%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tag of Chicago Illinois sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within IL. Charities of a similar size with the same main cause include Gods Great Outdoors Inc ($71k), Welcome to My Fathers House ($71k) and Olivetan Benedictine Sisters of Busan Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.