Side Street Studio Arts NFP

Analysis

Side Street Studio Arts NFP is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in June 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Side Street Studio Arts NFP reported income of $528k and spending of $602k, spending 114% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $276k to $528k (+91%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Side Street Studio Arts NFP sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Collabor Action Theatre Company Inc ($528k), Gateways Music Festival Inc ($528k) and The Ted Stevens Foundation ($528k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $83k (14% of expenses). Other salaries and wages came to $235k. At year end it held assets of $65k against liabilities of $124k, net assets of -$59k. It reported 5 employees.