Unite Here Chicago Hospitality Apprenticeship Fund

Analysis

Unite Here Chicago Hospitality Apprenticeship Fund is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Unite Here Chicago Hospitality Apprenticeship Fund reported income of $1.4m and spending of $992k, leaving 27% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.1m to $1.4m (+27%), an average of +6.2% a year. The sharpest change came in the year to August 2022, when income rose by 179%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Unite Here Chicago Hospitality Apprenticeship Fund sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Simpson County Library District ($1.4m), Empower Generations ($1.4m) and Awakening Seed Inc ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 18% and program service revenue 78% of the total. Other salaries and wages came to $391k. At year end it held assets of $2.9m against liabilities of $107k, net assets of $2.8m. It reported 7 employees.