Swedish American Museum Association of Chicago

Analysis

Swedish American Museum Association of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1981, 45 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 December 2023, Swedish American Museum Association of Chicago reported income of $1.3m and spending of $995k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $759k to $1.3m (+76%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 87%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Swedish American Museum Association of Chicago sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Canzion Institute of Music ($1.3m), Weathervane Community Playhouse Inc ($1.3m) and Wyoming PBS Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $112k (11% of expenses). Other salaries and wages came to $262k. At year end it held assets of $7.1m against liabilities of $1.3m, net assets of $5.8m. It reported 27 employees.