Irish Music School of Chicago

Analysis

Irish Music School of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1996, 30 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 December 2023, Irish Music School of Chicago reported income of $197k and spending of $173k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $200k to $197k (-1.3%), an average of -1.3% a year. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Irish Music School of Chicago sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Collide ($197k), Kinetic Tapestry Physical Theatre Inc ($197k) and Baltimore Rock Opera Society Inc ($197k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $106k against liabilities of $0, net assets of $106k.