Ukrainian Institute of Modern Art

Analysis

Ukrainian Institute of Modern Art is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1972, 54 years ago. 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, Ukrainian Institute of Modern Art reported income of $316k and spending of $408k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $266k to $316k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ukrainian Institute of Modern Art sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Healthy Peninsula ($316k), Beaufort Womens Center ($316k) and Silver Bullet Saddle Club ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 9.1% of the total. Other salaries and wages came to $150k. At year end it held assets of $679k against liabilities of $123k, net assets of $556k. It reported 4 employees.