3arts Inc
Only null% goes to programs Strong reserves Declining revenue
3arts Inc is a 501(c)(3) organization based in Chicago, Illinois, registered in 2005, with $2,033,779 in FY2024 revenue. CharityIndex grades it B.
200 W Madison St, Chicago, IL, 60606 EIN 36-1867637 Since 2005
Revenue (FY2024)
$2.0M
▲ 30.5% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$2.1M
Net assets
$12.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for 3arts Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating71 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For 3arts Inc: 71 mo reserves · -1% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for 3arts Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For 3arts Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 200 W Madison St, Chicago, IL, 60606
- City
- Chicago
- State
- Illinois
- Category
- Arts, Culture & Humanities
- Subcategory
- Arts Services & Councils
- Website
- …
Financial trends
Revenue grew from $708K (FY2013) to $2.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $110KNet assets $12.2M
Operating margin
-0.8%
Spent more than it raised in the latest fiscal year.
Total assets
$12.3M
Total liabilities
$110K
Net assets
$12.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,033,779▲30.5% | $2,050,483▲6.9% | $12,206,307▲6.5% | $12,315,870▲7.2% | 990 |
| 2023 | $1,557,868▼36.2% | $1,917,306▲15.7% | $11,464,301▲6.7% | $11,486,596▲6.7% | 990 |
| 2022 | $2,443,688▼4.2% | $1,656,829▼23.0% | $10,745,295▼10.9% | $10,762,335▼10.9% | 990 |
| 2021 | $2,551,186▼53.6% | $2,152,519▼58.3% | $12,061,472▲10.0% | $12,078,620▲9.2% | 990 |
| 2020 | $5,500,602▲264% | $5,164,482▲321% | $10,967,799▲8.5% | $11,056,343▲9.3% | 990 |
| 2019 | $1,511,439▲35.8% | $1,228,023▲13.0% | $10,109,509▲16.7% | $10,119,051▲16.7% | 990 |
| 2018 | $1,113,048▼14.4% | $1,086,993▼6.6% | $8,662,388▼11.6% | $8,673,752▼11.5% | 990 |
| 2017 | $1,300,440▲86.0% | $1,163,721▲17.4% | $9,794,556▲7.7% | $9,804,668▲7.7% | 990 |
| 2016 | $699,255▼14.6% | $991,527▼0.5% | $9,095,850▲2.2% | $9,105,345▲2.2% | 990 |
| 2015 | $818,947▼25.7% | $996,530▲16.5% | $8,897,124▼7.4% | $8,906,796▼7.5% | 990 |
| 2014 | $1,102,643▲55.7% | $855,486▲18.1% | $9,611,696▲0.3% | $9,624,685▲0.3% | 990 |
| 2013 | $708,409 | $724,582▲7.3% | $9,584,647▲8.6% | $9,597,775▲8.6% | 990 |
| 2012 | — | $675,058▲1.7% | $8,827,044▲9.3% | $8,838,679▲9.3% | 990 |
| 2011 | — | $663,639▼3.6% | $8,074,152▼7.3% | $8,086,557▼7.3% | 990 |
| 2010 | — | $688,252 | $8,709,562 | $8,719,830 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $3.2M total
19 grants to 3arts Inc totaling $3.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $8,750 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $373,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $32,200 |
| American Online Giving Foundation Inc | General support | 2023 | $12,355 |
| The Chicago Community Trust | In support of the 2023 3arts awards celebration. | 2022 | $212,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $36,100 |
| American Online Giving Foundation Inc | General support | 2022 | $8,812 |
| The Chicago Community Trust | In support of a pilot artist mentorship program. in support of the 2022 3arts awards celebration. | 2021 | $112,500 |
| The Chicago Community Trust | In support of a pilot artist mentorship program. in support of the 2022 3arts awards celebration. | 2021 | $112,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $72,350 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $72,350 |
| The Chicago Community Trust | To support arts awards, 3arts next level/spare room, 3er regranting program, disability culture leadership initiative, and general operating support | 2020 | $467,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $50,000 |
| The Chicago Community Trust | To support the three 3arts next level/spare room awards for 2020, arts relief fund of illinois, covid-19 response, and general operating support | 2019 | $1,332,250 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $109,001 |
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Frequently asked questions
- Is 3arts Inc a legitimate nonprofit?
- Yes. 3arts Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-1867637, based in Chicago, Illinois. Donations are tax-deductible.
- What is 3arts Inc's EIN?
- 3arts Inc's Employer Identification Number (EIN) is 36-1867637.
- How much revenue does 3arts Inc report?
- 3arts Inc reported $2,033,779 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does 3arts Inc have?
- CharityIndex grades 3arts Inc B, based on financial health (reserves and operating margin).
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Data for 3arts Inc (EIN 36-1867637) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.