Chicago Mahogany Foundation

Analysis

Chicago Mahogany Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2022, 4 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, Chicago Mahogany Foundation reported income of $369k and spending of $358k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $164k to $369k (+125%), an average of +125% a year. The sharpest change came in the year to December 2023, when income rose by 125%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chicago Mahogany Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include International Muslim Outreach Inc ($369k), Village Playhouse Inc ($369k) and Pacific Northwest Railroad Archive ($369k).

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 $436k against liabilities of $318k, net assets of $118k.