Croatian Cultural Center of Chicago Inc

Analysis

Croatian Cultural Center of Chicago Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1975, 51 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 January 2023, Croatian Cultural Center of Chicago Inc reported income of $397k and spending of $384k, spending 97% of its income. Across the 4 years on record, from January 2020 to January 2023, income fell from $534k to $397k (-26%), an average of -9.4% a year. The sharpest change came in the year to January 2022, when income rose by 186%. 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, Croatian Cultural Center of Chicago Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Io Foundation ($397k), Barrington Youth Dance Ensemble Inc ($397k) and Historic Petersburg Foundation Inc ($397k).

On its Form 990 for the period ending January 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Other salaries and wages came to $87k. At year end it held assets of $516k against liabilities of $12k, net assets of $504k.