Roots & Culture Contemporary Artcenter

Analysis

Roots & Culture Contemporary Artcenter is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Roots & Culture Contemporary Artcenter reported income of $185k and spending of $145k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $143k to $185k (+29%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Roots & Culture Contemporary Artcenter sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include Poplar Grove Aviation Education Association Inc ($185k), Congress for Jewish Culture Inc ($185k) and Global Health for Humanity ($185k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.