Chicago Latino Theater Alliance

Analysis

Chicago Latino Theater Alliance is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2017, 9 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 Latino Theater Alliance reported income of $572k and spending of $657k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $780k to $572k (-27%), an average of -7.5% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 70% 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 Latino Theater Alliance sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Alliance Francaise de Denver ($572k), Abingdon Theatre Company ($572k) and Center for the Study of Technology & Society Inc ($572k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $59k (9.0% of expenses). Other salaries and wages came to $202k. At year end it held assets of $1.2m against liabilities of $5,378, net assets of $1.2m. It reported 5 employees.