Chicago International Puppet Theater Festival

Analysis

Chicago International Puppet Theater Festival is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2002, 24 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 March 2024, Chicago International Puppet Theater Festival reported income of $1.8m and spending of $1.9m, spending 103% of its income. Across the 6 years on record, from December 2019 to March 2024, income grew from $755k to $1.8m (+143%), an average of +19% a year. The sharpest change came in the year to March 2022, when income rose by 582%. 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 International Puppet Theater Festival sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Kalani Honua Inc ($1.8m), Imagine Museum Corporation ($1.8m) and McCreary County Heritage Foundation Inc ($1.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $182k (9.6% of expenses). Other salaries and wages came to $97k. At year end it held assets of $1.0m against liabilities of $102k, net assets of $943k. It reported 5 employees.