Chi-Care

Analysis

Chi-Care is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chi-Care reported income of $4.7m and spending of $4.7m, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $327k to $4.7m (+1346%), an average of +280% a year. The sharpest change came in the year to December 2023, when income rose by 939%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chi-Care sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Kearney Family Young Mens Christian Association ($4.7m), Cornerstone of Hope Inc ($4.7m) and Lochland School Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $788k against liabilities of $430k, net assets of $359k.