Snow City Arts Foundation

Analysis

Snow City Arts Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Snow City Arts Foundation reported income of $1.1m and spending of $1.0m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $910k to $1.1m (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 40%. 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, Snow City Arts Foundation sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Aubin Pictures Inc ($1.1m), Carroll County Arts Council ($1.1m) and Celebrate Freedom Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $196k (19% of expenses). Other salaries and wages came to $450k. At year end it held assets of $1.2m against liabilities of $151k, net assets of $1.0m. It reported 14 employees.