Cyt Chicago Inc

Analysis

Cyt Chicago Inc is a registered charity in United States, based in Cary, 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Cyt Chicago Inc reported income of $1.4m and spending of $1.8m, spending 128% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.5m to $1.4m (-42%), an average of -13% a year. The sharpest change came in the year to August 2020, when income dropped by 33%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cyt Chicago Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Marine Discovery Center Inc ($1.4m), Preucil School of Music ($1.4m) and Museum of the New South Inc ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $173k (9.5% of expenses). Other salaries and wages came to $613k. At year end it held assets of $2.7m against liabilities of $674k, net assets of $2.0m. It reported 133 employees.