The Art Center Highland Park

Analysis

The Art Center Highland Park is a registered charity in United States, based in Highland Park, IL. It received its IRS tax-exemption ruling in October 1964, 62 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, The Art Center Highland Park reported income of $901k and spending of $1.1m, spending 121% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $953k to $901k (-5.5%), an average of -1.4% a year. The sharpest change came in the year to August 2020, when income dropped by 20%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Art Center Highland Park sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Midwest Museum of American Art Foundation ($901k), Dallas Wind Symphony ($901k) and Arts Boston Inc ($901k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 36% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $111k (10% of expenses). Other salaries and wages came to $186k. At year end it held assets of $1.6m against liabilities of $1.0m, net assets of $578k. It reported 11 employees.