Roman Susan Art Foundation NFP

Analysis

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

In the financial year ending December 2023, Roman Susan Art Foundation NFP reported income of $199k and spending of $84k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $199k (+139%), an average of +138% a year. The sharpest change came in the year to December 2023, when income rose by 139%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Roman Susan Art Foundation NFP sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Italian American Forum Inc ($199k), Boulder School for German Language and Culture ($199k) and Hope Creates ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. At year end it held assets of $206k against liabilities of $0, net assets of $206k.