Youth Choral Theater of Chicago

Analysis

Youth Choral Theater of Chicago is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in August 1989, 37 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 July 2023, Youth Choral Theater of Chicago reported income of $107k and spending of $119k, spending 111% of what it took in. Across the 4 years on record, from July 2019 to July 2023, income fell from $210k to $107k (-49%), an average of -20% a year. The sharpest change came in the year to July 2022, when income rose by 74%. Over the whole period it spent 121% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Youth Choral Theater of Chicago sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within IL. Charities of a similar size with the same main cause include Bharat Swabhiman Overseas Inc ($107k), The Carnegie Center for SRTS and History Tennessee ($107k) and Texas Country Music Hall of Fame ($107k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 53% and program service revenue 43% of the total. At year end it held assets of $41k against liabilities of $3,318, net assets of $38k.