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Luminarts Cultural Foundation

Chicago, Illinois · EIN 36-2446421 · tax-exempt since 1950

C

Charity Clarity grade C (score 50.1 of 100), based on the Form 990 for the year ended February 2025.

Graded against 88,048 unclassified nonprofits with revenue $500K–$2M filing the same form. A = top 10%, B = next 20%, C = middle 40%, D = next 20%, F = bottom 10%.

What goes into the grade

MeasureThis charityScore (0–100)
ReservesMonths of spending covered by unrestricted net assets.44.3 months29
GovernanceBoard independence, key policies and audit, per the 990.82% of practices82
Margin stabilityHow steady the surplus or deficit is year to year.8
Revenue spreadHow much revenue rests on one type of income.58% from one source50
Filing recordOn-time, complete filings, year after year.100%100
Program spendingSelf-reported by the filer.88.3%not scored
Management costsShare of spending.5.8%not scored
Cost to raise $1Fundraising cost per dollar given.$0.10not scored

Scores compare this charity with its peer group; 100 is best. How Charity Clarity rates charities.

Year by year

201920212022202320242025grey: revenue · green: spending
Year endedFormRevenueSpendingSurplusNet assetsMonths of spendingStaffGrade
Feb 2025Form 990$569K$767K−$198K$2.83M44.34C
Feb 2024Form 990$488K$928K−$440K$2.89M37.34C
Feb 2023Form 990$1.85M$860K$991K$3.05M42.63C
Feb 2022Form 990$1.02M$710K$308K$2.68M45.23C
Feb 2021Form 990$672K$685K−$13K$2.43M42.63C
Feb 2019Form 990$559K$655K−$95K$2.10M38.44C

From the organisation’s own IRS filings. “Months of spending” is total net assets divided by a month of that year’s spending. A blank grade means that year was not rated.

Read the filings

Every figure here comes from the returns this charity filed with the IRS. These sites show the full returns and more about the organisation: