Digs Chicago

Analysis

Digs Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2021, 5 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, Digs Chicago reported income of $195k and spending of $174k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $195k (+106%), an average of +106% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Digs Chicago sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Fire Mountains Art Council ($195k), Chinese-American Friendship Assoc at Triangle Area North Carolina ($195k) and Pittsburgh Youth Philharmonic Orchestra ($195k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $55k against liabilities of $1,740, net assets of $53k.