Preservation Chicago NFP

Analysis

Preservation Chicago NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Preservation Chicago NFP reported income of $1.6m and spending of $472k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $292k to $1.6m (+453%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 305%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Preservation Chicago NFP sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Knoxville Opera Company ($1.6m), Broadway Theatre League of Ne Pa ($1.6m) and Bayview Opera House Inc ($1.6m).

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 $103k (22% of expenses). Other salaries and wages came to $194k. At year end it held assets of $1.4m against liabilities of $9,604, net assets of $1.4m. It reported 4 employees.