Driehaus Design Initiative

Analysis

Driehaus Design Initiative is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Driehaus Design Initiative reported income of $5.0m and spending of $34k, leaving 99% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $783k to $5.0m (+539%), an average of +153% a year. The sharpest change came in the year to December 2021, when income rose by 1506%. Over the whole period it spent 16% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Driehaus Design Initiative sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Oregon Center for Creative Learning ($5.0m), Woolly Mammoth Theatre Co ($5.0m) and Idaho Shakespeare Festival Inc ($5.0m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $5.2m against liabilities of $985, net assets of $5.2m.