Cedille Chicago NFP

Analysis

Cedille Chicago NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1994, 32 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 December 2023, Cedille Chicago NFP reported income of $1.4m and spending of $1.2m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $927k to $1.4m (+49%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 233%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cedille Chicago NFP sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Musicall Inc ($1.4m), The Vera Project ($1.4m) and Tryon Palace Foundation Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $94k (8.0% of expenses). Other salaries and wages came to $362k. At year end it held assets of $8.0m against liabilities of $83k, net assets of $7.9m. It reported 9 employees.