Artists Cooperative Residency and Exhibitions Project

Analysis

Artists Cooperative Residency and Exhibitions Project is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2012, 14 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 (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, Artists Cooperative Residency and Exhibitions Project reported income of $311k and spending of $492k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $311k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 146%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artists Cooperative Residency and Exhibitions Project sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Abba a Womens Resource Center ($311k), Mvpa Historical Archives Inc ($311k) and Brooklyn Steppers ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $54k (11% of expenses). Other salaries and wages came to $124k. At year end it held assets of $545k against liabilities of $18k, net assets of $528k. It reported 5 employees.