Chicago Learning Exchange

Analysis

Chicago Learning Exchange is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2018, 8 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, Chicago Learning Exchange reported income of $272k and spending of $462k, spending 170% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $481k to $272k (-43%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 147% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Chicago Learning Exchange sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include University of Florida ($272k), Badger Boys State Inc ($272k) and Gibbon Conservation Center ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $119k (26% of expenses). Other salaries and wages came to $118k. At year end it held assets of $177k against liabilities of $10k, net assets of $166k. It reported 4 employees.