Metropolitan Schoolhouse Chicago

Analysis

Metropolitan Schoolhouse Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2021, 5 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 June 2023, Metropolitan Schoolhouse Chicago reported income of $1.3m and spending of $946k, leaving 29% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $848k to $1.3m (+57%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Metropolitan Schoolhouse Chicago sits at the 78th 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 Benjamin Harrison Presidential Site Inc ($1.3m), Metropolitan State University Foundation ($1.3m) and Young World Day School Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $82k (8.7% of expenses). Other salaries and wages came to $408k. At year end it held assets of $1.3m against liabilities of $424, net assets of $1.3m. It reported 14 employees.