Friends of Aaca

Analysis

Friends of Aaca is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 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, Friends of Aaca reported income of $185k and spending of $249k, spending 135% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $198k to $185k (-6.9%), an average of -6.9% a year. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Aaca sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include Cadiz Community Arts Center Inc ($185k), Les Demerle Amelia Island Jazz Festival Inc ($185k) and Kearney Community Theatre ($185k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,683 against liabilities of $0, net assets of $7,683.