Freshlens Chicago

Analysis

Freshlens Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2018, 8 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, Freshlens Chicago reported income of $223k and spending of $166k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $159k to $223k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Freshlens Chicago sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include Indian Hill Historical Museum Association ($223k), Community Theatre Guild Inc ($223k) and Musical Theater Southwest ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 6.4% of the total. Other salaries and wages came to $46k. At year end it held assets of $194k against liabilities of $0, net assets of $194k. It reported 6 employees.