World Sport Chicago
World Sport Chicago faces severe financial challenges with a decade of operating deficits and declining assets.
EIN: 208845277 · Chicago, IL · NTEE: N70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $2.0M |
| Program Spending | 75% |
| Net Assets | $159K |
| Transparency Score | 40/100 |
Is World Sport Chicago Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
World Sport Chicago directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About World Sport Chicago
World Sport Chicago (EIN: 208845277) is a nonprofit organization based in Chicago, IL, classified under NTEE code N70. The organization reported total revenue of $2.0M and total assets of $238K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of World Sport Chicago's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
World Sport Chicago is a mid-size nonprofit that has been operating for 18 years, with 9 years of IRS 990 filings on record (2010–2018). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $913K |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-1,060,913 |
| Total Assets | $238K |
| Total Liabilities | $79K |
| Net Assets | $159K |
| Operating Margin | -116.2% |
| Debt-to-Asset Ratio | 33.1% |
| Months of Reserves | 1.4 months |
Financial Health Grade: C
In 2018, World Sport Chicago reported a deficit of $1.1M with expenses exceeding revenue, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 33.1% (moderate leverage).
Financial Trends
Over 9 years of filings (2010–2018), World Sport Chicago's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +13.3% | +78.7% | -85.5% |
| 2017 | +39.0% | -3.0% | -11.0% |
| 2016 | -40.4% | -30.5% | -25.3% |
| 2015 | -44.4% | -11.2% | -22.1% |
| 2014 | +22.5% | +0.9% | -4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 World Sport Chicago with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, World Sport Chicago allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 33.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is a strong positive for minimizing administrative costs relative to the organization's size and revenue.
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 World Sport Chicago's IRS 990 filings:
- Consistent operating deficits for at least nine consecutive years (e.g., 2018 expenses $1,974,025 vs. revenue $913,112).
- Dramatic decline in total assets from $5,268,729 in 2010 to $237,820 in 2018, indicating unsustainable spending.
- High burn rate relative to remaining assets, with latest revenue of $1,977,035 against assets of $237,820.
Strengths
The following positive indicators were identified for World Sport Chicago:
- Zero reported officer compensation across all filings, indicating a commitment to minimizing executive overhead.
Frequently Asked Questions about World Sport Chicago
Is World Sport Chicago a legitimate charity?
World Sport Chicago (EIN: 208845277) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 40/100. It has 9 years of IRS 990 filings on record. Total revenue: $2.0M. 3 red flags identified. 1 strength noted. Financial health grade: C.
How does World Sport Chicago spend its money?
World Sport Chicago directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to World Sport Chicago tax-deductible?
World Sport Chicago is registered as a tax-exempt nonprofit (EIN: 208845277). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of World Sport Chicago's spending goes to programs?
World Sport Chicago directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does World Sport Chicago compare to similar nonprofits?
With a transparency score of 40/100 (Fair), World Sport Chicago is near average for NTEE category N70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is World Sport Chicago located?
World Sport Chicago is headquartered in Chicago, Illinois and files with the IRS under EIN 208845277. It is classified under NTEE code N70.
How many years of IRS 990 filings does World Sport Chicago have?
World Sport Chicago has 9 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 $2.0M in total revenue.
Is World Sport Chicago financially sustainable?
Based on the provided data, World Sport Chicago does not appear financially sustainable. It has consistently operated at a deficit for at least nine years, with expenses significantly exceeding revenue, leading to a drastic decline in assets from over $5 million in 2010 to $237,820 in 2018.
What caused the significant decline in assets?
The significant decline in assets, from $5,268,729 in 2010 to $237,820 in 2018, is primarily due to the organization consistently spending more than it earns. For example, in 2018, expenses were $1,974,025 while revenue was only $913,112, indicating the organization is drawing down its reserves to cover operational costs.
How does World Sport Chicago fund its operations given the deficits?
The organization appears to be funding its operations by liquidating its assets and drawing down reserves, as evidenced by the continuous decline in total assets over the past decade. This is not a sustainable long-term strategy.
Filing History
IRS 990 filing history for World Sport Chicago showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2010–2018), World Sport Chicago's revenue has grown by 28.7%, moving from $710K to $913K. Total assets decreased by 95.5% over the same period, from $5.3M to $238K. Total functional expenses rose by 28.9%, from $1.5M to $2.0M. In its most recent filing year (2018), World Sport Chicago reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $79K in liabilities against $238K in assets (debt-to-asset ratio: 33.1%), resulting in net assets of $159K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $913K | $2.0M | $238K | $79K | — | View 990 |
| 2017 | $806K | $1.1M | $1.6M | $33K | — | View 990 |
| 2016 | $580K | $1.1M | $1.8M | $20K | — | View 990 |
| 2015 | $973K | $1.6M | $2.5M | $53K | — | View 990 |
| 2014 | $1.8M | $1.8M | $3.2M | $59K | — | View 990 |
| 2013 | $1.4M | $1.8M | $3.3M | $79K | — | View 990 |
| 2012 | $1.2M | $1.9M | $3.6M | $62K | — | View 990 |
| 2011 | $844K | $1.9M | $4.3M | $148K | — | View 990 |
| 2010 | $710K | $1.5M | $5.3M | $94K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $913K, expenses of $2.0M, and assets of $238K (revenue +13.3% year-over-year).
- 2017: Revenue of $806K, expenses of $1.1M, and assets of $1.6M (revenue +39.0% year-over-year).
- 2016: Revenue of $580K, expenses of $1.1M, and assets of $1.8M (revenue -40.4% year-over-year).
- 2015: Revenue of $973K, expenses of $1.6M, and assets of $2.5M (revenue -44.4% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.8M, and assets of $3.2M (revenue +22.5% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.8M, and assets of $3.3M (revenue +14.8% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.9M, and assets of $3.6M (revenue +47.4% year-over-year).
- 2011: Revenue of $844K, expenses of $1.9M, and assets of $4.3M (revenue +18.9% year-over-year).
- 2010: Revenue of $710K, expenses of $1.5M, and assets of $5.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for World Sport Chicago:
Data Sources and Methodology
This transparency report for World Sport Chicago 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.