Chicago Art Department
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 38,637 | 38,528 | 109 | 0.5 | — |
| 2012 | 55,250 | 56,595 | −1,345 | 0.0 | — |
| 2013 | 201,750 | 110,164 | 91,586 | 10.0 | 27% |
| 2014 | 303,844 | 309,135 | −5,291 | 2.8 | 34% |
| 2015 | 402,445 | 347,966 | 54,479 | 4.8 | 13% |
| 2016 | 56,447 | 177,205 | −120,758 | 0.7 | — |
| 2017 | 97,133 | 93,358 | 3,775 | 2.5 | — |
| 2018 | 190,499 | 158,444 | 32,055 | 3.9 | — |
| 2019 | 236,500 | 208,505 | 27,995 | 4.6 | 12% |
| 2020 | 191,079 | 198,921 | −7,842 | 4.3 | 19% |
| 2021 | 263,396 | 232,869 | 30,527 | 5.3 | 20% |
| 2022 | 376,720 | 324,224 | 52,496 | 6.4 | 28% |
| 2023 | 550,924 | 425,380 | 125,544 | 8.4 | 23% |
In its most recent public year (2023), this organization brought in $125,544 more than it spent. Its reserves stood at about 8.4 months of spending, up from 0.5 in 2011. Staff pay was 23% of spending. $179,994 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Chicago Art Department's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works