Chicago Independent Radio Project

Analysis

Chicago Independent Radio Project is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2010, 16 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 December 2023, Chicago Independent Radio Project reported income of $257k and spending of $210k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $160k to $257k (+61%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 88% 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 Independent Radio Project sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IL. Charities of a similar size with the same main cause include India Association of Greenville Inc ($257k), Impact Arts Inc ($257k) and Millersburg Ferry Boat Assoc ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $75k (36% of expenses). Other salaries and wages came to $3,276. At year end it held assets of $359k against liabilities of $4,023, net assets of $355k. It reported 1 employees.