Charity Search / HYDE PARK ART CENTER
Arts, Culture & Humanities (A400) IRS Verified DX Registered 990 on File

HYDE PARK ART CENTER

EIN: 36-2887294 · CHICAGO, IL 60615-3016 · United States · FY 2024 Data
3 out of 5 56 / 100 Based on 2+ years of filings
Financial strength (30%) 70/100
Reliability (20%) 55/100
Effectiveness (25%) 97/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Mission Statement

Hyde Park Art Center has been a leader in advancing contemporary visual art in Chicago since 1939. With an expansive reach and bold personality, the nonprofit organization brings artists and communities together to support creativity at every level. As an open forum for exploring the artistic process, the Art Center fosters creativity through making, learning about, seeing, and discussing art—all under one roof. By developing socially adept programming that finds new ways to engage diverse audiences in the work of Chicago’s artists, the Art Center makes space for transparent interaction with art and the artistic process, inspiring creative exploration and encouraging exchange between audiences and artists. Within its facility, the Art Center inspires creativity through dynamic art-centered interactions, including exhibitions, artist talks, free public events, studio art classes, professional development opportunities for artists, arts education outreach, and an international residency. These programs work in concert to cultivate a more vibrant, inclusive arts community; facilitate opportunities for artists to experiment and take risks with their work; and encourages visitors to get involved with the entire process of art and art making. Outside its walls, the Art Center’s outreach programs in historically underserved neighborhoods bring the visual arts to Chicago youth, their teachers, and their families.

Financial Overview — FY 2024
$2.9M
Total Revenue
$4.0M
Total Expenses
$10.8M
Net Assets
33
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 75.8%
Fundraising Efficiency 258.3%
Operating Reserve 32.65x
Liability-to-Asset 1.8%
Revenue Diversification 67.3%
Executive Compensation $395K
Compared with Peers
FY 2024
Compared with 3,450 similar organizations (United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2024.
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
75.8% 77.9%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
12.1% 14.4%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
12.1% 5.4%
P10P90
Bottom quarter
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
258.3% 240.4%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
32.7 mo 16.5 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
1.8% 10.6%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
67.3% 74.5%
P10P90
Above median
Revenue growth
Year over year revenue growth
-21.9% 7.8%
P10P90
Expense growth
Year over year expense growth
-0.2% 8.0%
P10P90
Surplus margin
Surplus as a share of revenue
-36.7% -0.5%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $2.9M $4.0M $10.8M 75.8% 33
2023 $3.7M $4.0M $11.5M 75.3% 34
2022 $2.5M $3.3M $11.3M 74.5% 34
2021 $7.7M $3.2M N/A 29
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Organization Details
EIN
36-2887294
State
IL
City
CHICAGO
ZIP
60615-3016
Classification
A400
Category
Arts, Culture & Humanities
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1939
Foundation Code
11
Form 990
On File
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