Eta Creative Arts Foundation

Analysis

Eta Creative Arts Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1971, 55 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 December 2023, Eta Creative Arts Foundation reported income of $249k and spending of $399k, spending 160% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $157k to $249k (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 236%. Over the whole period it spent 157% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eta Creative Arts Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within IL. Charities of a similar size with the same main cause include Nueva Vision Community School ($249k), Kansas Council on Economic Education ($249k) and Ice Dance International ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $82k (21% of expenses). At year end it held assets of $4.1m against liabilities of $597k, net assets of $3.5m. It reported 1 employees.