Chicago Art Department

Analysis

Chicago Art Department is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2007, 19 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, Chicago Art Department reported income of $551k and spending of $425k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $551k (+133%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 86% 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 Art Department sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Lancaster New York Opera House Inc ($551k), Eugene Springfield Youth Orchestras ($551k) and Fort Atkinson Historical Society ($551k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 14% of the total. Other salaries and wages came to $97k. At year end it held assets of $719k against liabilities of $420k, net assets of $299k. It reported 2 employees.