Chicago Multi-Cultural Dance Center Inc Home of the Bryant Ballet

Analysis

Chicago Multi-Cultural Dance Center Inc Home of the Bryant Ballet is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chicago Multi-Cultural Dance Center Inc Home of the Bryant Ballet reported income of $721k and spending of $685k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $587k to $721k (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 121%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chicago Multi-Cultural Dance Center Inc Home of the Bryant Ballet sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Music on the Hill Inc ($721k), The Odyssey Theatre Foundation ($721k) and Sarasota Concert Association Inc ($721k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $64k (9.3% of expenses). Other salaries and wages came to $260k. At year end it held assets of $119k against liabilities of $133k, net assets of -$14k. It reported 31 employees.