Chicago Cuatro Orchestra Project

Analysis

Chicago Cuatro Orchestra Project is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2012, 14 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 September 2023, Chicago Cuatro Orchestra Project reported income of $50k and spending of $70k, spending 141% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $94k to $50k (-47%), an average of -47% a year. The sharpest change came in the year to September 2023, when income dropped by 47%. 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, Chicago Cuatro Orchestra Project sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within IL. Charities of a similar size with the same main cause include Seattle Genealogical Society ($50k), Vineyard Futureworks ($50k) and Project Rhythhm Inc ($50k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 49% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.