City Lit Theatre Company

Analysis

City Lit Theatre Company is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1980, 46 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 2024, City Lit Theatre Company reported income of $245k and spending of $252k, spending 103% of its income. Across the 4 years on record, from June 2019 to June 2024, income grew from $167k to $245k (+47%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, City Lit Theatre Company sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within IL. Charities of a similar size with the same main cause include Central Dakota Childrens Choir ($245k), Nappanee Power From the Past Inc ($245k) and Cardboard Playhouse Theatre Company ($245k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $32k (13% of expenses). Other salaries and wages came to $90. At year end it held assets of $33k against liabilities of $1,111, net assets of $32k. It reported 3 employees.