Black Ensemble Theater Corporation

Analysis

Black Ensemble Theater Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1976, 50 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 December 2023, Black Ensemble Theater Corporation reported income of $5.0m and spending of $5.3m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $5.0m (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 375%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Black Ensemble Theater Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Santa Rosa Symphony Association ($5.0m), Hudson Library & Historical Society ($5.0m) and Asian American Journalists Association ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 35% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $24.4m against liabilities of $12.6m, net assets of $11.8m. It reported 13 employees.