American Comparative Literature Association

Analysis

American Comparative Literature Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2006, 20 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, American Comparative Literature Association reported income of $285k and spending of $452k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $460k to $285k (-38%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. 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, American Comparative Literature Association sits at the 67th percentile: it is larger than about 67% 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 Waseca County Historical Society ($285k), Rock to Recovery ($285k) and Local Cloth Inc ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $92k (20% of expenses). Other salaries and wages came to $65k. At year end it held assets of $669k against liabilities of $106k, net assets of $563k. It reported 2 employees.