Chicago Public Art Group

Analysis

Chicago Public Art Group is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1976, 50 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, Chicago Public Art Group reported income of $527k and spending of $461k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $280k to $527k (+88%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chicago Public Art Group sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include The Institute for Financial Markets ($527k), Blue Bird Lifeways Inc ($527k) and Misnomer ($527k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $70k (15% of expenses). Other salaries and wages came to $75k. At year end it held assets of $452k against liabilities of $183k, net assets of $269k. It reported 3 employees.