Chicago Festival Association
EIN: 364343071 · Chicago, IL
| Metric | Value |
|---|---|
| Total Expenses | $541K |
| Net Assets | $-12,246 |
Is Chicago Festival Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chicago Festival Association
Chicago Festival Association (EIN: 364343071) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chicago Festival Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chicago Festival Association is a small nonprofit, with 8 years of IRS 990 filings on record (2009–2016). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $541K |
| Total Expenses | $541K |
| Surplus / Deficit | $-509 |
| Total Assets | $4K |
| Total Liabilities | $16K |
| Net Assets | $-12,246 |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 388.7% |
| Months of Reserves | 0.1 months |
Financial Health Grade: D
In 2016, Chicago Festival Association reported a deficit of $509 with expenses exceeding revenue, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 388.7% (high leverage).
Financial Trends
Over 8 years of filings (2009–2016), Chicago Festival Association's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +10.9% | +9.7% | +14.5% |
| 2015 | -16.9% | -16.8% | -62.5% |
| 2014 | -8.9% | -1.7% | +37.4% |
| 2013 | +8.9% | -5.0% | -67.8% |
| 2012 | +1.3% | +10.8% | +8.9% |
AI Analysis Pending
AI enrichment for Chicago Festival Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chicago Festival Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $509, with expenses exceeding revenue.
- Debt-to-asset ratio: 388.7%.
Frequently Asked Questions about Chicago Festival Association
Is Chicago Festival Association a legitimate charity?
Chicago Festival Association (EIN: 364343071) is a registered tax-exempt nonprofit based in Illinois. It has 8 years of IRS 990 filings on record. No red flags identified. Financial health grade: D.
How does Chicago Festival Association spend its money?
Chicago Festival Association reported its financials in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Chicago Festival Association tax-deductible?
Chicago Festival Association is registered as a tax-exempt nonprofit (EIN: 364343071). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chicago Festival Association located?
Chicago Festival Association is headquartered in Chicago, Illinois and files with the IRS under EIN 364343071.
How many years of IRS 990 filings does Chicago Festival Association have?
Chicago Festival Association has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Chicago Festival Association showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2009–2016), Chicago Festival Association's revenue has grown by 11.3%, moving from $486K to $541K. Total functional expenses rose by 1.8%, from $532K to $541K. In its most recent filing year (2016), Chicago Festival Association reported a deficit of $509, with expenses exceeding revenue. The organization holds $16K in liabilities against $4K in assets (debt-to-asset ratio: 388.7%), resulting in net assets of $-12,246.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $541K | $541K | $4K | $16K | — | — |
| 2015 | $487K | $493K | $4K | $15K | — | View 990 |
| 2014 | $586K | $593K | $10K | $16K | — | View 990 |
| 2013 | $644K | $603K | $7K | $41K | — | View 990 |
| 2012 | $591K | $635K | $22K | $97K | — | View 990 |
| 2011 | $584K | $574K | $20K | $51K | — | View 990 |
| 2010 | $557K | $535K | $3K | $43K | — | View 990 |
| 2009 | $486K | $532K | $-10,654 | $52K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $541K, expenses of $541K, and assets of $4K (revenue +10.9% year-over-year).
- 2015: Revenue of $487K, expenses of $493K, and assets of $4K (revenue -16.9% year-over-year).
- 2014: Revenue of $586K, expenses of $593K, and assets of $10K (revenue -8.9% year-over-year).
- 2013: Revenue of $644K, expenses of $603K, and assets of $7K (revenue +8.9% year-over-year).
- 2012: Revenue of $591K, expenses of $635K, and assets of $22K (revenue +1.3% year-over-year).
- 2011: Revenue of $584K, expenses of $574K, and assets of $20K (revenue +4.8% year-over-year).
- 2010: Revenue of $557K, expenses of $535K, and assets of $3K (revenue +14.7% year-over-year).
- 2009: Revenue of $486K, expenses of $532K, and assets of $-10,654.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chicago Festival Association:
Data Sources and Methodology
This transparency report for Chicago Festival Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.