Nonprofit screen
Screen a listMusic Institute of Chicago
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$7.1Mrevenue
FY2024 · +1% in 3 yrs209staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−7.8%
Months of reserve0.1mo
Revenue growth (annualized)+1.3%
Middle half of peersMedianMusic Institute of Chicago
Where the money goes FY2024 · $7.6M spent
Programs$5.5M72%Management and general$1.7M22%Fundraising$443k6%990 FY2024 · Part IX line 25
Worth checking2
Government grants fell 99% in FY2023
$2.1M in FY2022, $21k in FY2023.
990 Part VIIIDeficits in 2 of the last 3 years
−$1.4M in FY2023 and −$551k in FY2024. Cash covers 0.1 months, under the peer median of 3.8.
990 Part I and balance sheetIn its favor1
Strong governance
18 of 18 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VI81funders
$1.0Ma year, last 3 years
33%from its largest funder
Funder’17’18’19’20’21’22’23The Negaunee FoundationSince FY2021$260k$260k$500kJohn D and Alexandra Nichols Family FoundationSince FY2020$850$115k$220k$381kPatrick G and Shirley W Ryan FoundationEvery year since FY2017$25k$10k$25k$25k$25k$25k$25kGantz Family FoundationOn and off$25k$25k$25k$25k$25k$15kNcrc Community Development Fund IncNew in FY2023$140kDunard Fund USA LtdOn and off$100kDonor-advised giftsDonors not disclosed$95k$33k$89k$127k$128k$174k$212k55 other fundersUp to $25k a year each$63k$73k$99k$100k$191k$153k$150k
FundedThrough a donor-advised fund