Dal Niente New Music NFP

Analysis

Dal Niente New Music NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 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 June 2024, Dal Niente New Music NFP reported income of $292k and spending of $360k, spending 123% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $207k to $292k (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dal Niente New Music NFP sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Georgia Music Foundation Inc ($292k), American-Russian Educational Center Inc ($292k) and Notable Music and Arts Organization ($292k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $83k (23% of expenses). At year end it held assets of $55k against liabilities of $31k, net assets of $24k. It reported 3 employees.