Chicago Academy of Sciences

Analysis

Chicago Academy of Sciences is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1933, 93 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 2023, Chicago Academy of Sciences reported income of $8.6m and spending of $6.7m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $8.6m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chicago Academy of Sciences 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 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Opportunity Agenda Inc ($8.5m), Palm Springs Air Museum Inc ($8.6m) and Common Justice ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $240k (3.6% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $24.5m against liabilities of $5.0m, net assets of $19.6m. It reported 89 employees.