Alt Space Chicago

Analysis

Alt Space Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2024, 2 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, Alt Space Chicago reported income of $649k and spending of $363k, leaving 44% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $197k to $649k (+230%), an average of +82% a year. The sharpest change came in the year to December 2023, when income rose by 159%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alt Space Chicago sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Chicago Film Archives NFP ($648k), Citizen Science Foundation ($649k) and Cultural Office of the Pikes Peak Region ($648k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $101k. At year end it held assets of $526k against liabilities of $0, net assets of $526k.