Collaborative Arts Institute of Chicago

Analysis

Collaborative Arts Institute of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Collaborative Arts Institute of Chicago reported income of $95k and spending of $77k, spending 81% of its income. Across the 2 years on record, from September 2023 to June 2024, income fell from $108k to $95k (-12%), an average of -12% a year. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Collaborative Arts Institute of Chicago sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within IL. Charities of a similar size with the same main cause include Organization of Istanbul Armenians ($95k), Harrison County Historical Society ($95k) and Heartland Research Inc ($95k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. At year end it held assets of $67k against liabilities of $201, net assets of $66k.