Chicago Theatre Group Inc

Analysis

Chicago Theatre Group Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1977, 49 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 August 2023, Chicago Theatre Group Inc reported income of $26.8m and spending of $30.5m, spending 114% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $19.4m to $26.8m (+38%), an average of +8.4% a year. The sharpest change came in the year to August 2022, when income rose by 88%. Over the whole period it spent 115% 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 Theatre Group Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include The Society for the Promotion of Japanese Animation ($26.8m), Education Analytics Inc ($26.9m) and Democracy Prep Public Schools ($26.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 40% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $1.3m (4.1% of expenses). Other salaries and wages came to $12.1m. At year end it held assets of $58.0m against liabilities of $30.7m, net assets of $27.3m. It reported 649 employees.