Gus Giordanos Jazz Dance Chicago Inc

Analysis

Gus Giordanos Jazz Dance Chicago Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1984, 42 years ago. 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 June 2023, Gus Giordanos Jazz Dance Chicago Inc reported income of $4.1m and spending of $1.6m, leaving 60% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $4.1m (+212%), an average of +33% a year. The sharpest change came in the year to June 2023, when income rose by 280%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gus Giordanos Jazz Dance Chicago Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include National Arts Club ($4.1m), Historic Oakland Foundation Inc ($4.1m) and Ellis Island Honors Society Inc ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $203k (13% of expenses). Other salaries and wages came to $556k. At year end it held assets of $6.8m against liabilities of $2.5m, net assets of $4.3m. It reported 20 employees.