Chicago Artists Coalition

Analysis

Chicago Artists Coalition is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1976, 50 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chicago Artists Coalition reported income of $452k and spending of $377k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $558k to $452k (-19%), an average of -5.2% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 130% 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 Artists Coalition 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 69th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Maturango Museum of Indian Wells Valley ($451k), Houston Cinema Arts Society ($452k) and Bhartiya Mandal Foundation ($451k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $66k (17% of expenses). At year end it held assets of $806k against liabilities of $641k, net assets of $165k. It reported 1 employees.