The Chicago Ballet

Analysis

The Chicago Ballet is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2019, 7 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 August 2023, The Chicago Ballet reported income of $162k and spending of $151k, spending 93% of its income. Across the 5 years on record, from August 2018 to August 2023, income fell from $165k to $162k (-1.7%), an average of -0.4% a year. The sharpest change came in the year to August 2022, when income rose by 34%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Chicago Ballet sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within IL. Charities of a similar size with the same main cause include Borderless Arts Tennessee ($162k), Theatre You Inc ($162k) and Clague Playhouse Inc ($162k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 23% and program service revenue 74% of the total. At year end it held assets of $78k against liabilities of $48k, net assets of $30k.