Chicago Humanities Festival

Analysis

Chicago Humanities Festival is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1996, 30 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 February 2022, Chicago Humanities Festival reported income of $6.1m and spending of $3.9m, leaving 37% of income unspent that year. Across the 4 years on record, from February 2019 to February 2022, income grew from $4.2m to $6.1m (+46%), an average of +14% a year. The sharpest change came in the year to February 2022, when income rose by 49%. 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 Humanities Festival sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Imagine North Carolina First ($6.1m), Nashville International Center for Empowerment ($6.1m) and International Conference on Machine Learning ($6.1m).

On its Form 990 for the period ending February 2022, revenue came from contributions and grants 35% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $271k (7.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $20.4m against liabilities of $234k, net assets of $20.2m. It reported 33 employees.