Grant Park Orchestral Association

Analysis

Grant Park Orchestral Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2002, 24 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, Grant Park Orchestral Association reported income of $12.3m and spending of $7.2m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.7m to $12.3m (+83%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grant Park Orchestral Association sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Hippodrome Foundation Inc ($12.3m), Cincinnati Institute of Fine Arts ($12.3m) and Friends of Montana PBS Inc ($12.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $296k (4.1% of expenses). Other salaries and wages came to $3.7m. It paid $13k in professional fundraising fees. At year end it held assets of $23.1m against liabilities of $387k, net assets of $22.7m. It reported 370 employees.