League of Chicago Theatres Foundation

Analysis

League of Chicago Theatres Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1979, 47 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 June 2023, League of Chicago Theatres Foundation reported income of $441k and spending of $155k, leaving 65% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $792k to $441k (-44%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 46%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, League of Chicago Theatres Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Keys 4 4 Kids Inc ($441k), The Excelsior Foundation ($441k) and Christian Youth Theater Fredericksburg Inc ($441k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.5% of the total. At year end it held assets of $4.0m against liabilities of $636, net assets of $4.0m.