Friends Of Coonley School
Friends Of Coonley School consistently grows assets with 0% officer compensation.
EIN: 161739325 · Chicago, IL · NTEE: B80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $804K |
| Total Expenses | $573K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $600,000 |
| Net Assets | $762K |
| Transparency Score | 95/100 |
Is Friends Of Coonley School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Coonley School directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Coonley School
Friends Of Coonley School (EIN: 161739325) is a nonprofit organization based in Chicago, IL, classified under NTEE code B80. The organization reported total revenue of $804K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Coonley School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Coonley School is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $630K |
| Total Expenses | $573K |
| Surplus / Deficit | +$57K |
| Total Assets | $1.2M |
| Total Liabilities | $407K |
| Net Assets | $762K |
| Operating Margin | 9.1% |
| Debt-to-Asset Ratio | 34.8% |
| Months of Reserves | 24.5 months |
Financial Health Grade: A
In 2024, Friends Of Coonley School reported a surplus of $57K with revenue exceeding expenses, holds 24.5 months of operating reserves (strong position), has a debt-to-asset ratio of 34.8% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Friends Of Coonley School's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.7% | +13.2% | +23.3% |
| 2023 | -14.7% | +14.4% | +49.2% |
| 2022 | +187.5% | -18.5% | +56.7% |
| 2021 | -55.5% | -21.2% | -43.6% |
| 2020 | -12.0% | +34.8% | -17.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Coonley School with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Friends Of Coonley School allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $57K, with revenue exceeding expenses.
- Debt-to-asset ratio: 34.8%.
Executive Compensation Analysis
Friends Of Coonley School reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for an organization with over $600,000 in annual revenue and over $1.1 million in assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Friends Of Coonley School's IRS 990 filings:
- Significant liabilities in 2024 ($407,086) compared to previous years, warranting further investigation into their nature.
Strengths
The following positive indicators were identified for Friends Of Coonley School:
- Consistent 0% officer compensation, indicating strong volunteer leadership and dedication to mission.
- Significant growth in assets, from $405,691 in 2021 to $1,168,596 in 2024.
- Revenue generally exceeding expenses in recent years, contributing to financial stability.
- Long and consistent IRS 990 filing history (14 filings), demonstrating good governance and transparency.
Frequently Asked Questions about Friends Of Coonley School
Is Friends Of Coonley School a legitimate charity?
Friends Of Coonley School (EIN: 161739325) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 95/100. It has 14 years of IRS 990 filings on record. Total revenue: $804K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Friends Of Coonley School spend its money?
Friends Of Coonley School directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Friends Of Coonley School tax-deductible?
Friends Of Coonley School is registered as a tax-exempt nonprofit (EIN: 161739325). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends Of Coonley School CEO make?
Friends Of Coonley School's highest-compensated officer earns $600,000 annually. The organization reported $804K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friends Of Coonley School's spending goes to programs?
Friends Of Coonley School directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Coonley School compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Friends Of Coonley School is above average for NTEE category B80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Coonley School located?
Friends Of Coonley School is headquartered in Chicago, Illinois and files with the IRS under EIN 161739325. It is classified under NTEE code B80.
How many years of IRS 990 filings does Friends Of Coonley School have?
Friends Of Coonley School has 14 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 $804K in total revenue.
Is Friends Of Coonley School financially stable?
Yes, Friends Of Coonley School appears financially stable. Its assets have grown significantly, reaching $1,168,596 in 2024, and revenue has generally exceeded expenses in recent years, allowing for this growth.
How does Friends Of Coonley School manage executive compensation?
The organization reports 0% officer compensation in all available filings, meaning its executive leadership is entirely volunteer-based and no salaries are paid to officers.
What is the trend in the organization's assets?
The organization's assets have shown a strong upward trend, nearly tripling from $405,691 in 2021 to $1,168,596 in 2024, indicating effective financial management and accumulation of resources.
Filing History
IRS 990 filing history for Friends Of Coonley School showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Friends Of Coonley School's revenue has grown by 176%, moving from $228K to $630K. Total assets increased by 582.4% over the same period, from $171K to $1.2M. Total functional expenses rose by 170.5%, from $212K to $573K. In its most recent filing year (2024), Friends Of Coonley School reported a surplus of $57K, with revenue exceeding expenses. The organization holds $407K in liabilities against $1.2M in assets (debt-to-asset ratio: 34.8%), resulting in net assets of $762K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $630K | $573K | $1.2M | $407K | — | — |
| 2023 | $575K | $506K | $948K | $244K | — | View 990 |
| 2022 | $673K | $442K | $636K | $0 | — | View 990 |
| 2021 | $234K | $543K | $406K | $1K | — | View 990 |
| 2020 | $526K | $689K | $720K | $7K | — | View 990 |
| 2019 | $598K | $511K | $876K | $0 | — | View 990 |
| 2018 | $532K | $437K | $789K | $0 | — | View 990 |
| 2017 | $465K | $315K | $700K | $6K | — | View 990 |
| 2016 | $325K | $213K | $544K | $0 | — | View 990 |
| 2015 | $257K | $238K | $432K | $0 | — | View 990 |
| 2014 | $191K | $164K | $413K | $0 | — | View 990 |
| 2013 | $229K | $16K | $386K | $0 | — | View 990 |
| 2012 | $205K | $203K | $173K | $0 | — | View 990 |
| 2011 | $228K | $212K | $171K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $630K, expenses of $573K, and assets of $1.2M (revenue +9.7% year-over-year).
- 2023: Revenue of $575K, expenses of $506K, and assets of $948K (revenue -14.7% year-over-year).
- 2022: Revenue of $673K, expenses of $442K, and assets of $636K (revenue +187.5% year-over-year).
- 2021: Revenue of $234K, expenses of $543K, and assets of $406K (revenue -55.5% year-over-year).
- 2020: Revenue of $526K, expenses of $689K, and assets of $720K (revenue -12.0% year-over-year).
- 2019: Revenue of $598K, expenses of $511K, and assets of $876K (revenue +12.4% year-over-year).
- 2018: Revenue of $532K, expenses of $437K, and assets of $789K (revenue +14.4% year-over-year).
- 2017: Revenue of $465K, expenses of $315K, and assets of $700K (revenue +43.0% year-over-year).
- 2016: Revenue of $325K, expenses of $213K, and assets of $544K (revenue +26.4% year-over-year).
- 2015: Revenue of $257K, expenses of $238K, and assets of $432K (revenue +34.8% year-over-year).
- 2014: Revenue of $191K, expenses of $164K, and assets of $413K (revenue -16.8% year-over-year).
- 2013: Revenue of $229K, expenses of $16K, and assets of $386K (revenue +11.8% year-over-year).
- 2012: Revenue of $205K, expenses of $203K, and assets of $173K (revenue -10.1% year-over-year).
- 2011: Revenue of $228K, expenses of $212K, and assets of $171K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Coonley School:
Data Sources and Methodology
This transparency report for Friends Of Coonley 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.