Chicago Summer Opera Incorporated

Analysis

Chicago Summer Opera Incorporated is a registered charity in United States, based in Wilmette, 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 July 2023, Chicago Summer Opera Incorporated reported income of $434k and spending of $428k, spending 99% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $382k to $434k (+14%), an average of +14% a year. Over the whole period it spent 99% 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 Summer Opera Incorporated sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Backyard Kids Theater Inc ($434k), Stephen Manley Evangelistic Association Inc ($434k) and Cyt Tri-Valley Inc ($434k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 3.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $48k (11% of expenses). At year end it held assets of $38k against liabilities of $20k, net assets of $18k.