Dank Haus German American Cultural Center

Analysis

Dank Haus German American Cultural Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1992, 34 years ago. 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, Dank Haus German American Cultural Center reported income of $1.1m and spending of $1.3m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $860k to $1.1m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dank Haus German American Cultural Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Morris Animal Refuge ($1.1m), Neighbor for Neighbor Inc ($1.1m) and Family Matters Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 52% of the total. Other salaries and wages came to $527k. At year end it held assets of $874k against liabilities of $261k, net assets of $613k. It reported 11 employees.