Ravinia Festival Association

Analysis

Ravinia Festival Association is a registered charity in United States, based in Highland Park, IL. It received its IRS tax-exemption ruling in July 1943, 83 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 September 2023, Ravinia Festival Association reported income of $53.5m and spending of $48.4m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $46.9m to $53.5m (+14%), an average of +3.3% a year. The sharpest change came in the year to September 2021, when income rose by 131%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ravinia Festival Association sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include American Society of Civil Engineers ($53.3m), Marine Biological Laboratory ($53.6m) and Innovations for Poverty Action ($53.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 53% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $871k (1.8% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $234.1m against liabilities of $6.5m, net assets of $227.6m. It reported 805 employees.