Chicago Cultural Alliance

Analysis

Chicago Cultural Alliance is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2008, 18 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, Chicago Cultural Alliance reported income of $409k and spending of $427k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $382k to $409k (+7.0%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 98% 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 Cultural Alliance sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include The Danville Museum of Fine Arts and History ($409k), Mount Jackson Museum Foundation Inc ($409k) and St Marys Art Center Inc ($409k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $74k (17% of expenses). Other salaries and wages came to $132k. At year end it held assets of $309k against liabilities of $133k, net assets of $175k. It reported 6 employees.