Chicago International Film Festival Inc Cinema-Chicago

Analysis

Chicago International Film Festival Inc Cinema-Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1969, 57 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, Chicago International Film Festival Inc Cinema-Chicago reported income of $1.6m and spending of $1.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.6m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 53%. 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, Chicago International Film Festival Inc Cinema-Chicago sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include American Private Radio ($1.6m), Mercury Chamber Orchestra Inc ($1.6m) and Germantown Cultural Arts Center Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $70k (4.3% of expenses). Other salaries and wages came to $515k. At year end it held assets of $503k against liabilities of $191k, net assets of $312k. It reported 69 employees.