Live the Spirit Residency

Analysis

Live the Spirit Residency is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2007, 19 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, Live the Spirit Residency reported income of $272k and spending of $204k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $282k to $272k (-3.7%), an average of -1.9% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Live the Spirit Residency sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include Showability Inc ($272k), American Chemical Society ($272k) and Indiana Dance Coaches Association Inc ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $154k against liabilities of $0, net assets of $154k.