Arts, Culture & Humanities (A40) IRS Verified DX Registered 990 on File

DRIEHAUS DESIGN INITIATIVE

EIN: 27-1694951 · CHICAGO, IL 60631-1017 · United States · FY 2023 Data

3 out of 5 51 / 100 Based on 2+ years of filings

Financial strength (30%) 84/100

Reliability (20%) 50/100

Effectiveness (25%) 63/100

Impact (25%) No data yet

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

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CharityAI™ Score

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Mission Statement

Driehaus Design Initiative, a 501(c)(3) nonprofit organization, was established to promote and encourage design education and to foster public appreciation and understanding of all aspects of fashion design and history. Driehaus Design Initiative contributes proceeds from the Driehaus Awards for Fashion Excellence to support fashion and design endeavors in Chicago.

Financial Overview — FY 2023

$157K

Total Revenue

$184K

Total Expenses

$5.4M

Net Assets

N/A

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 68.0%

Fundraising Efficiency N/A

Operating Reserve 352.29x

Liability-to-Asset 0.1%

Revenue Diversification 74.6%

Executive Compensation $0

Compared with Peers

FY 2023

Compared with 16,965 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	68.0%	81.8%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	352.3 mo	10.4 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	0.1%	1.9%	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	74.6%	79.8%	P10P90	Above median
Revenue growth Year over year revenue growth	94.9%	9.6%	P10P90
Expense growth Year over year expense growth	6.0%	13.7%	P10P90
Surplus margin Surplus as a share of revenue	-17.1%	1.2%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$157K	$184K	$5.4M	68.0%	—
2022	$80K	$173K	$4.9M	81.6%	—
2021	$5.0M	$34K	N/A	—	0

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Organization Details

EIN: 27-1694951
State: IL
City: CHICAGO
ZIP: 60631-1017
Classification: A40
Category: Arts, Culture & Humanities
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2011
Foundation Code: 15
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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