Chicago Ballet Arts

Analysis

Chicago Ballet Arts is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 July 2024, Chicago Ballet Arts reported income of $419k and spending of $391k, spending 93% of its income. Across the 5 years on record, from July 2019 to July 2024, income grew from $204k to $419k (+105%), an average of +20% a year. The sharpest change came in the year to July 2021, when income rose by 57%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chicago Ballet Arts sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Ili Senior Housing-Chapel Valley Road Inc ($419k), Joseph R R Moore Housing Inc ($420k) and Lexington Elderly Housing Inc ($419k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 5.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $9,187 (2.3% of expenses). Other salaries and wages came to $212k. At year end it held assets of $373k against liabilities of $1,082, net assets of $371k. It reported 24 employees.