Chicago City Theatre Company

Analysis

Chicago City Theatre Company is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 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 June 2023, Chicago City Theatre Company reported income of $333k and spending of $354k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $326k to $333k (+2.1%), an average of +0.5% a year. The sharpest change came in the year to June 2022, when income rose by 405%. Over the whole period it spent 84% 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 City Theatre Company 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 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Ward Melville Heritage Organization Ltd ($333k), International Ballet Theatre ($333k) and Musical Youth Artist Repertory Theatre ($333k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $67k (19% of expenses). Other salaries and wages came to $91k. At year end it held assets of $115k against liabilities of $117k, net assets of -$2,569. It reported 7 employees.