Chicago High School for the Arts

Analysis

Chicago High School for the Arts is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chicago High School for the Arts reported income of $10.8m and spending of $11.8m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.5m to $10.8m (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chicago High School for the Arts sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Elgin Academy ($10.8m), Pineapple Cove Classical Academy Inc ($10.8m) and Kummer Institute Foundation ($10.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $194k (1.6% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $1.9m against liabilities of $674k, net assets of $1.2m. It reported 192 employees.