Irish Georgian Society Inc

Analysis

Irish Georgian Society Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Irish Georgian Society Inc reported income of $692k and spending of $707k, spending 102% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $648k to $692k (+6.8%), an average of +2.2% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Irish Georgian Society Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Rockport Art Association ($692k), Indiana Ballet Conservatory Inc ($692k) and Springville Museum of Art ($692k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. Other salaries and wages came to $187k. At year end it held assets of $1.1m against liabilities of $71k, net assets of $999k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.