Downstage Arts Corp

Analysis

Downstage Arts Corp is a registered charity in United States, based in Des Plaines, IL. It received its IRS tax-exemption ruling in May 2020, 6 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 August 2024, Downstage Arts Corp reported income of $55k and spending of $49k, spending 90% of its income. Across the 2 years on record, from August 2023 to August 2024, income grew from $26k to $55k (+107%), an average of +107% a year. The sharpest change came in the year to August 2024, when income rose by 107%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Downstage Arts Corp sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include Down East Singers ($55k), South Florida Leuva Patidar Samaj ($55k) and Society Hill Preservation Foundation ($55k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 90% and program service revenue 9.8% of the total. At year end it held assets of $3,509 against liabilities of $0, net assets of $3,509.