Chautauqua Institution

Analysis

Chautauqua Institution is a registered charity in United States, based in Chautauqua, NY. It received its IRS tax-exemption ruling in April 1960, 66 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, Chautauqua Institution reported income of $49.3m and spending of $43.6m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $31.9m to $49.3m (+54%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 211%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chautauqua Institution sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include National Inventors Hall of Fame Inc ($49.3m), National Cable Satellite Corporation ($49.4m) and Universal Communications Network Inc ($48.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $3.5m (8.1% of expenses). Other salaries and wages came to $13.7m. At year end it held assets of $272.1m against liabilities of $5.1m, net assets of $267.0m. It reported 1,132 employees.