Chicago Collections Consortium Inc NFP

Analysis

Chicago Collections Consortium Inc NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2014, 12 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 June 2024, Chicago Collections Consortium Inc NFP reported income of $236k and spending of $187k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $213k to $236k (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2024, when income rose by 29%. Over the whole period it spent 82% 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 Collections Consortium Inc NFP sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include Balmoral School of Highland Piping ($236k), Friends of Fieldworkers Inc ($236k) and Litalo American Foundation ($236k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $122k. At year end it held assets of $289k against liabilities of $0, net assets of $289k.