Ballet Folklorico de Chicago

Analysis

Ballet Folklorico de Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2019, 7 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, Ballet Folklorico de Chicago reported income of $401k and spending of $350k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $207k to $401k (+94%), an average of +94% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ballet Folklorico de Chicago sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include New Brunswick Cultural Center Inc ($401k), American Turkish Association Inc ($401k) and Altoona Symphony Society Inc ($401k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.