Chicago Fire Foundation

Analysis

Chicago Fire Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1998, 28 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 Fire Foundation reported income of $1.0m and spending of $1.1m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $549k to $1.0m (+90%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 118%. Over the whole period it spent 59% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Chicago Fire Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include 680 Water Polo Association ($1.0m), Camp Fire ($1.0m) and Camp Fire River Bend Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $113k (10% of expenses). Other salaries and wages came to $213k. At year end it held assets of $4.0m against liabilities of $169k, net assets of $3.9m.