Stages Chicago

Analysis

Stages Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 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 May 2023, Stages Chicago reported income of $522k and spending of $537k, spending 103% of its income. Across the 2 years on record, from May 2022 to May 2023, income grew from $335k to $522k (+56%), an average of +56% a year. The sharpest change came in the year to May 2023, when income rose by 56%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stages Chicago sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Seven Stages Inc ($522k), North Carolina Stage Company ($522k) and Whitman Hanson Community Access Corporation ($522k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 2.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $310k (58% of expenses). At year end it held assets of $103k against liabilities of $113k, net assets of -$11k. It reported 28 employees.