Territory NFP

Analysis

Territory NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2016, 10 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, Territory NFP reported income of $329k and spending of $203k, leaving 38% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $264k to $329k (+25%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Territory NFP sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Chestnut Creek School of the Arts ($329k), Elmhurst Heritage Foundation ($329k) and Project Danztheatre Company ($329k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $66k (33% of expenses). Other salaries and wages came to $35k. At year end it held assets of $443k against liabilities of $572, net assets of $442k. It reported 2 employees.