Black Arts & Culture Alliance of Chicago

Analysis

Black Arts & Culture Alliance of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1999, 27 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, Black Arts & Culture Alliance of Chicago reported income of $241k and spending of $251k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $232k to $241k (+4.0%), an average of +4.0% a year. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Black Arts & Culture Alliance of Chicago sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within IL. Charities of a similar size with the same main cause include Arkansas Air and Military Museum ($241k), SPK Academy of Music Inc ($241k) and Academy of Hawaiian Arts Inc ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $44k (17% of expenses). Other salaries and wages came to $65k. At year end it held assets of $269k against liabilities of $0, net assets of $269k. It reported 3 employees.