Chicago Industrial Arts and Design Center NFP

Analysis

Chicago Industrial Arts and Design Center NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2015, 11 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 Industrial Arts and Design Center NFP reported income of $534k and spending of $501k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $378k to $534k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 101% 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 Industrial Arts and Design Center 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 Abilene and Smoky Valley Railroad Association ($534k), Open Dance Project ($535k) and Embodiment Project ($534k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Other salaries and wages came to $257k. At year end it held assets of $381k against liabilities of $427k, net assets of -$46k. It reported 19 employees.