Tobacco Road Incorporated

Analysis

Tobacco Road Incorporated is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1993, 33 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 2023, Tobacco Road Incorporated reported income of $513k and spending of $630k, spending 123% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $545k to $513k (-5.8%), an average of -2.0% a year. The sharpest change came in the year to June 2023, when income rose by 112%. Over the whole period it spent 164% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tobacco Road Incorporated sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Fore Augusta Foundation Inc ($513k), Whitefish Theatre Co ($513k) and New York Chinese Cultural Center Inc ($513k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6.2m against liabilities of $391k, net assets of $5.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.