Evanston Art Center and Market

Analysis

Evanston Art Center and Market is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in December 1949, 77 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 August 2023, Evanston Art Center and Market reported income of $1.7m and spending of $1.7m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $1.7m (+16%), an average of +3.7% a year. The sharpest change came in the year to August 2021, when income rose by 32%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Evanston Art Center and Market sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Camera News Inc D B a Third World Newsreel ($1.7m), Cultural Conservancy Sacred Land Foundation ($1.7m) and Fort Wayne Railroad Historical Society Inc ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 22% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $97k (5.8% of expenses). Other salaries and wages came to $359k. At year end it held assets of $5.4m against liabilities of $2.3m, net assets of $3.1m. It reported 14 employees.