Porchlight Music Theatre Chicago

Analysis

Porchlight Music Theatre Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1995, 31 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 August 2023, Porchlight Music Theatre Chicago reported income of $2.6m and spending of $2.8m, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.1m to $2.6m (+24%), an average of +5.5% a year. The sharpest change came in the year to August 2022, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Porchlight Music Theatre Chicago sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Americans for the Arts Inc ($2.6m), New York Council for the Humanities ($2.6m) and Microscopy Society of America ($2.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 52% and program service revenue 46% of the total. Other salaries and wages came to $866k. At year end it held assets of $577k against liabilities of $135k, net assets of $442k. It reported 99 employees.