Chicago West Community Music Center

Analysis

Chicago West Community Music Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2003, 23 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, Chicago West Community Music Center reported income of $614k and spending of $563k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $718k to $614k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chicago West Community Music Center sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Roomful of Teeth Vocal Arts Project Inc ($614k), North American Council for Freight Efficiency ($614k) and Riverside Theatre Works Inc ($614k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $146k (26% of expenses). At year end it held assets of $889k against liabilities of $57k, net assets of $832k. It reported 2 employees.