South Side Weekly NFP

Analysis

South Side Weekly NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2023, 3 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 June 2023, South Side Weekly NFP reported income of $1.3m and spending of $892k, leaving 32% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $141k to $1.3m (+836%), an average of +836% a year. The sharpest change came in the year to June 2023, when income rose by 836%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Side Weekly NFP sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include The Flea Theater Inc ($1.3m), Community Media Center of Carroll County Inc ($1.3m) and Museum Hue Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $101k (11% of expenses). Other salaries and wages came to $346k. At year end it held assets of $502k against liabilities of $1,777, net assets of $500k. It reported 12 employees.