South Side Community Art Center

Analysis

South Side Community Art Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1974, 52 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, South Side Community Art Center reported income of $2.2m and spending of $1.0m, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $858k to $2.2m (+159%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Side Community Art Center sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Family Service of Greater Baton Rouge ($2.2m), River Garden Foundation Inc ($2.2m) and Mt Bachelor Sports Education Foundation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $115k (11% of expenses). Other salaries and wages came to $294k. At year end it held assets of $9.4m against liabilities of $2.3m, net assets of $7.1m. It reported 8 employees.