Chicago Literary Hall of Fame

Analysis

Chicago Literary Hall of Fame 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 (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, Chicago Literary Hall of Fame reported income of $104k and spending of $63k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $104k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 79% 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 Literary Hall of Fame sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within IL. Charities of a similar size with the same main cause include Kits Cubed Inc ($104k), Prairie Dance Theatre Inc ($104k) and Taking Shape Inc ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.