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Illinois · Nonprofit

Alt Space Chicago

Alt Space Chicago (Illinois) receives grants from 13 organizations whose IRS filings report $1,149,183 to it, the largest being The Chicago Community Trust ($384,500). 6 of them have funded it in more than one year, and 56% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$444k
Funders on record
13
Grants received
$1.1M
Net assets
$301k
6/13 repeat funderspeak grant-dependency 73%
01What it does

What Alt Space Chicago does

Mission

alt_ is a contagious, artist-led engine(501c3) that undertakes tangible acts ofservice, using art and faith as tools thatgalvanize impassioned, self-sufficientcommunities to join in, at a time whenpast and present injustices spur us tocollectively imagine our best future.

As stated on its FY2025 Form 990.

Program

  1. alt_ is a contagious, artist-led engine(501c3) that undertakes tangible acts ofservice, using art and faith as tools thatgalvanize impassioned, self-sufficientcommunities to join in, at a time whenpast and present injustices spur us tocollectively imagine our best future.

    $11,879 spent
    100% of program spending

The program described on its FY2025 Form 990. Program spending in total: $11,879.

02The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20212021 Revenue 100 ($197k) Expenses 100 ($149k) Net assets 100 ($47k)2022 Revenue 127 ($250k) Expenses 32 ($47k) Net assets 507 ($240k)2023 Revenue 330 ($649k) Expenses 243 ($363k) Net assets 1109 ($526k)2024 Revenue 88 ($173k) Expenses 243 ($363k) Net assets 1077 ($510k)2025 Revenue 226 ($444k) Expenses 281 ($420k) Net assets 635 ($301k)
20212022202320242025
Revenue (226)Expenses (281)Net assets (635)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $526k to $1.1M (+109%).

$47k
$240k
$526k
$1.1M
$786k
20212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

100% of Alt Space Chicago’s revenue is contributions — more reliant on donations than three-quarters of its peers (64% for the typical peer).

This organization
Typical peer · 19,547 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 5 reported years ran a deficit.

$47k
’21
$203k
’22
$285k
’23
−$190k
’24
$24k
’25
0.3
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Grace Elizabeth Oxley

Board Chair

As listed on its FY2025 Form 990.

2022202320242025
Listed4445
Joined·+0+0+2
No longer listed·001
03Who funds it

Who funds it, year by year

2021 → 2023: the base narrowed from 6 funders to 4 funders, grant income rose $116k → $279k.

5 of 13 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 56% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of Alt Space Chicago’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Alt Space Chicago leans on a few funders — its largest provides 33% of grant income and the top three 68%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

69% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Alt Space Chicago.

33%
largest funder
68%
top three
~5
effective funders

Largest funder’s share by year: 2021 49% · 2022 41% · 2023 85% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

56% of Alt Space Chicago's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $507k that is directly attributable, 100% of it comes from Illinois funders.

IL

In-state vs out-of-state, by year

’21
’22
’23
Illinois out of state home

Funder states come from each funder’s own filing. $643k arriving through sponsors registered in 5 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

Alt Space Chicago has grown faster than three-quarters of the 11,634 arts & culture nonprofits its size.

Operating margin5% · above the median
Months of reserve0.3mo · bottom quartile
Revenue growth (annualized)23% · top quartile

this organization peer median middle 50% of peers· 11,634 arts & culture nonprofits $100k–$1M, FY2025

Organizations like Alt Space Chicago

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Illinois

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

3% of spending goes to programs.

Program 3%Management 97%Fundraising 0%

Governance

5
board members
0%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention–Board reviewed the 990–Audited financials

Public support

0%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for Alt Space Chicago: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Alt Space Chicago?
Alt Space Chicago (Illinois) receives grants from 13 organizations whose IRS filings report $1,149,183 to it, the largest being The Chicago Community Trust ($384,500). 6 of them have funded it in more than one year, and 56% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does Alt Space Chicago have?
IRS filings report 13 organizations giving $1,149,183 in grants to Alt Space Chicago, 6 of which have funded it in more than one year.
Who is the largest funder of Alt Space Chicago?
The Chicago Community Trust is the largest funder on record, with $384,500 in grants. The full list of funders is on this page.
How can an organization like Alt Space Chicago find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Alt Space Chicago →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 13 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing