Chicago Tap Theatre NFP

Analysis

Chicago Tap Theatre NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 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 August 2023, Chicago Tap Theatre NFP reported income of $284k and spending of $267k, spending 94% of its income. Across the 3 years on record, from August 2019 to August 2023, income grew from $240k to $284k (+18%), an average of +8.8% a year. The sharpest change came in the year to August 2022, when income rose by 17%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chicago Tap Theatre NFP sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Sweet House Foundation ($284k), Joshua Tree Foundation for Arts & Ecology ($284k) and The Hershey Symphony Orchestra Society ($284k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 62% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $53k (20% of expenses). Other salaries and wages came to $42k. At year end it held assets of $168k against liabilities of $2,872, net assets of $165k. It reported 9 employees.