Albany Park Theater Project

Analysis

Albany Park Theater Project is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2023, Albany Park Theater Project reported income of $2.1m and spending of $1.5m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.1m (+7.3%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 70% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Albany Park Theater Project sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Youth for Christ USA Inc ($2.1m), A G Gaston Boys and Girls Club Inc ($2.1m) and Camp Puhtok for Boys and Girls Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $280k (18% of expenses). Other salaries and wages came to $362k. At year end it held assets of $3.4m against liabilities of $200k, net assets of $3.2m. It reported 10 employees.