Victory Garden Theater

Analysis

Victory Garden Theater is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1975, 51 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 June 2023, Victory Garden Theater reported income of $381k and spending of $1.1m, spending 279% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.1m to $381k (-88%), an average of -41% a year. The sharpest change came in the year to June 2023, when income dropped by 79%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Victory Garden Theater sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Dancing in the Street Inc ($381k), Omaha Community Playhouse Foundation ($381k) and Opera Roanoke ($381k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 179% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $185k (17% of expenses). Other salaries and wages came to $25k. At year end it held assets of $7.8m against liabilities of $287k, net assets of $7.6m. It reported 101 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.