THE BARACK OBAMA FOUNDATION
6001 S STONY ISLAND AVE, CHICAGO, IL · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $209,759,915 | $91,442,238 | $1,071,275,709 |
| FY2023 | $140,586,104 | $87,462,284 | $962,329,392 |
| FY2022 | $309,284,239 | $59,708,464 | $925,309,131 |
| FY2021 | $159,957,411 | $40,550,456 | $680,055,607 |
| FY2020 | $171,374,663 | $40,536,698 | $560,654,664 |
| FY2019 | $141,308,493 | $54,783,253 | $429,545,259 |
| FY2018 | $164,674,309 | $45,888,380 | $343,020,019 |
| FY2017 | $232,148,718 | $21,271,265 | $224,234,090 |
| FY2016 | $13,182,092 | $4,871,276 | $10,888,797 |
| FY2015 | $1,916,266 | $2,820,908 | $2,577,981 |
| FY2014 | $5,434,877 | $1,952,254 | $3,482,623 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $194,905,424 | 100% |
| Program service revenue | $0 | 0% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $51,126,361 | 56% |
| Management & general | $16,681,891 | 18% |
| Fundraising | $23,633,986 | 26% |
What the numbers show
- Contributions & grants made up 100% of total revenue in FY2024.
- Program services accounted for 56% of functional expenses, management & general 18%, and fundraising 26%.
- 56% of functional expenses went to program services in FY2024. That is higher than 0% of 27 Arts, Culture & Humanities organizations in IL.
- Net assets covered about 140.6 months of expenses at the end of the reporting year. That puts it in the 90th percentile among 1351 Arts, Culture & Humanities organizations in IL.
- Total revenue was higher than 100.1% of 1375 Arts, Culture & Humanities organizations in IL.
- Total revenue rose from $5,434,877 in FY2014 to $209,759,915 in FY2024, Revenue increased in 5 and decreased in 5 of 10 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 11 reported years (FY2015).
- The highest revenue on record here is $309,284,239 in FY2022.
- Net assets grew from $3,482,623 to $1,071,275,709 between FY2014 and FY2024.
- Contributions and grants made up 100% of revenue in FY2014 and 93% in FY2024.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO INSPIRE, EMPOWER, AND CONNECT PEOPLE TO CHANGE THEIR WORLD AND TO HONOR THE LEGACY OF PRESIDENT.
IRS status
| Ruling year | 2014 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | A80 — Arts, Culture & Humanities |
| Donations | Donations are generally tax-deductible (public charity). |
Similar organizations
- FIELD MUSEUM OF NATURAL HISTORY — CHICAGO, IL · $114,814,441
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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