Impact Grants Chicago

Analysis

Impact Grants 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. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 August 2023, Impact Grants Chicago reported income of $568k and spending of $537k, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $638k to $568k (-11%), an average of -2.9% a year. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Impact Grants Chicago sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Viaquest Foundation ($568k), Variety-The Childrens Charity of the United States Inc ($568k) and Wsia Diversity Foundation ($567k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 94% and program service revenue 5.1% of the total. At year end it held assets of $155k against liabilities of $0, net assets of $155k.