Music and Dance Theater Chicago Inc

Analysis

Music and Dance Theater Chicago Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 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 (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 2024, Music and Dance Theater Chicago Inc reported income of $7.8m and spending of $11.7m, spending 151% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.3m to $7.8m (+6.1%), an average of +1.5% a year. The sharpest change came in the year to June 2022, when income rose by 126%. Over the whole period it spent 128% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music and Dance Theater Chicago Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include John C Campbell Folk School ($7.8m), St Louis Science Center Foundation ($7.8m) and Powerhouse Science Center ($7.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $1.1m (9.7% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $57.0m against liabilities of $21.5m, net assets of $35.5m. It reported 228 employees.

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.