Boma-Chicago Foundation

Analysis

Boma-Chicago Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Boma-Chicago Foundation reported income of $182k and spending of $104k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $164k to $182k (+10%), an average of +10% a year. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boma-Chicago Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include Tabernacle Learning Center Inc ($182k), Hawaii Education of the Arts Inc ($182k) and Peace House ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.6% of the total. At year end it held assets of $499k against liabilities of $5,022, net assets of $494k.