Midwest Young Artists

Analysis

Midwest Young Artists is a registered charity in United States, based in Highwood, IL. It received its IRS tax-exemption ruling in August 1972, 54 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 May 2024, Midwest Young Artists reported income of $1.6m and spending of $1.3m, spending 81% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.6m to $1.6m (+1.3%), an average of +0.3% a year. The sharpest change came in the year to May 2022, when income dropped by 37%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Midwest Young Artists sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Theatre Workshop of Nantucket Inc ($1.6m), Creative City Collaborative of Delray Beach Inc ($1.6m) and Dorothy and Charles Mosesian Center for the Arts ($1.6m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 44% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $98k (7.6% of expenses). Other salaries and wages came to $651k. At year end it held assets of $10.7m against liabilities of $117k, net assets of $10.5m. It reported 49 employees.