Arts Club of Chicago

Analysis

Arts Club of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1937, 89 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Arts Club of Chicago reported income of $2.8m and spending of $3.2m, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.8m to $2.8m (-0.5%), an average of -0.2% a year. The sharpest change came in the year to June 2023, when income rose by 1715%. Over the whole period it spent 134% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Club of Chicago sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Pacific Northwest Ballet Foundation ($2.8m), Mahaiwe Performing Arts Center Inc ($2.8m) and Maine Maritime Museum ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $143k (4.5% of expenses). Other salaries and wages came to $903k. At year end it held assets of $23.6m against liabilities of $1.8m, net assets of $21.8m. It reported 30 employees.