Arts, Culture & Humanities (A25) IRS Verified DX Registered 990 on File

CHICAGO ART DEPARTMENT

EIN: 20-1868213 · CHICAGO, IL 60608-3486 · United States · FY 2023 Data

3 out of 5 56 / 100 Based on 2+ years of filings

Financial strength (30%) 86/100

Reliability (20%) 50/100

Effectiveness (25%) 83/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

Chicago Art Department (CAD) cultivates new and emerging voices here in Chicago through a twelve-month residency program for twenty diverse artists. CAD further supports artists by exploring studio art, exhibition, and learning opportunities during their residency. Through free public shows and workshops, artist residencies, and community building, we are dedicated to cultivating a broad range of voices, ideas, and practices based in the field of contemporary art.

Financial Overview — FY 2023

$551K

Total Revenue

$425K

Total Expenses

$299K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 81.9%

Fundraising Efficiency N/A

Operating Reserve 8.42x

Liability-to-Asset 58.5%

Revenue Diversification 84.2%

Executive Compensation $0

Compared with Peers

FY 2023

Compared with 16,962 similar organizations (United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	81.9%	81.8%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	15.3%	14.0%	P10P90	Below median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	2.8%	0.0%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	8.4 mo	10.4 mo	P10P90	Below median
Liabilities to assets Total liabilities / total assets · lower is better	58.5%	1.9%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	84.2%	79.8%	P10P90	Below median
Revenue growth Year over year revenue growth	46.2%	9.6%	P10P90
Expense growth Year over year expense growth	31.2%	13.6%	P10P90
Surplus margin Surplus as a share of revenue	22.8%	1.2%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$551K	$425K	$299K	81.9%	2
2022	$377K	$324K	$173K	79.2%	2
2021	$263K	$233K	N/A	—	2

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Organization Details

EIN: 20-1868213
State: IL
City: CHICAGO
ZIP: 60608-3486
Classification: A25
Category: Arts, Culture & Humanities
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2005
Foundation Code: 16
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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