Chicago Free School
EIN: 463840833 · Chicago, IL · NTEE: B99
| Metric | Value |
|---|---|
| Total Revenue | $647K |
| Total Expenses | $716K |
| Net Assets | $-409 |
Is Chicago Free School Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chicago Free School
Chicago Free School (EIN: 463840833) is a nonprofit organization based in Chicago, IL, classified under NTEE code B99. The organization reported total revenue of $647K and total assets of $91K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chicago Free School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chicago Free School is a small nonprofit that has been operating for 12 years, with 8 years of IRS 990 filings on record (2015–2022). Revenue has grown at a compound annual rate of 12.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $604K |
| Total Expenses | $716K |
| Surplus / Deficit | $-111,977 |
| Total Assets | $69K |
| Total Liabilities | $70K |
| Net Assets | $-409 |
| Operating Margin | -18.5% |
| Debt-to-Asset Ratio | 100.6% |
| Months of Reserves | 1.2 months |
Financial Health Grade: D
In 2022, Chicago Free School reported a deficit of $112K with expenses exceeding revenue, holds 1.2 months of operating reserves (limited), has a debt-to-asset ratio of 100.6% (high leverage).
Financial Trends
Over 8 years of filings (2015–2022), Chicago Free School's revenue has grown at a compound annual growth rate (CAGR) of 12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +4.0% | +28.2% | -58.7% |
| 2021 | -18.4% | -8.0% | -33.0% |
| 2020 | +34.5% | +20.1% | +26.6% |
| 2019 | +20.1% | +19.0% | +22.8% |
| 2018 | +14.3% | +18.2% | +48.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chicago Free School has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chicago Free School with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $112K, with expenses exceeding revenue.
- Debt-to-asset ratio: 100.6%.
Frequently Asked Questions about Chicago Free School
Is Chicago Free School a legitimate charity?
Chicago Free School (EIN: 463840833) is a registered tax-exempt nonprofit based in Illinois. It has 8 years of IRS 990 filings on record. Total revenue: $647K. No red flags identified. Financial health grade: D.
How does Chicago Free School spend its money?
Chicago Free School reported $647K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Chicago Free School tax-deductible?
Chicago Free School is registered as a tax-exempt nonprofit (EIN: 463840833). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chicago Free School located?
Chicago Free School is headquartered in Chicago, Illinois and files with the IRS under EIN 463840833. It is classified under NTEE code B99.
How many years of IRS 990 filings does Chicago Free School have?
Chicago Free School has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $647K in total revenue.
Filing History
IRS 990 filing history for Chicago Free School showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2015–2022), Chicago Free School's revenue has grown by 132.2%, moving from $260K to $604K. Total assets increased by 169.8% over the same period, from $26K to $69K. Total functional expenses rose by 186%, from $250K to $716K. In its most recent filing year (2022), Chicago Free School reported a deficit of $112K, with expenses exceeding revenue. The organization holds $70K in liabilities against $69K in assets (debt-to-asset ratio: 100.6%), resulting in net assets of $-409.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $604K | $716K | $69K | $70K | — | View 990 |
| 2021 | $580K | $558K | $168K | $56K | — | View 990 |
| 2020 | $711K | $607K | $250K | $53K | — | View 990 |
| 2019 | $528K | $505K | $198K | $113K | — | View 990 |
| 2018 | $440K | $425K | $161K | $100K | — | — |
| 2017 | $385K | $359K | $109K | $63K | — | View 990 |
| 2016 | $297K | $265K | $0 | $0 | — | View 990 |
| 2015 | $260K | $250K | $26K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $604K, expenses of $716K, and assets of $69K (revenue +4.0% year-over-year).
- 2021: Revenue of $580K, expenses of $558K, and assets of $168K (revenue -18.4% year-over-year).
- 2020: Revenue of $711K, expenses of $607K, and assets of $250K (revenue +34.5% year-over-year).
- 2019: Revenue of $528K, expenses of $505K, and assets of $198K (revenue +20.1% year-over-year).
- 2018: Revenue of $440K, expenses of $425K, and assets of $161K (revenue +14.3% year-over-year).
- 2017: Revenue of $385K, expenses of $359K, and assets of $109K (revenue +29.6% year-over-year).
- 2016: Revenue of $297K, expenses of $265K, and assets of $0 (revenue +14.1% year-over-year).
- 2015: Revenue of $260K, expenses of $250K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chicago Free School:
Data Sources and Methodology
This transparency report for Chicago Free School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.