Iws Chicago

Analysis

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

In the financial year ending December 2023, Iws Chicago reported income of $118k and spending of $104k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $118k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Iws Chicago sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within IL. Charities of a similar size with the same main cause include Science and Technology Education Partnership ($118k), 617 Rocks Foundation ($118k) and The Libbey House Foundation ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. At year end it held assets of $34k against liabilities of $9,523, net assets of $24k.