Overview

Sign up for

Est.

1939

Fiscal Year Start

Sep 1

Organization Type

Grantseeker

AI Summary

The Music Institute of Chicago is a nonprofit organization dedicated to providing the highest quality music education, particularly to individuals in areas with limited opportunities. With an operating budget of $7.1 million for the 2024 filing year, the organization relies on a diverse range of funding sources, with no single funder contributing 50% or more of its revenue. For more information, visit their website at www.musicinst.org.

Mission Statement

PROVIDE THE HIGHEST QUALITY MUSIC EDUCATION. REACH INDIVIDUALS WHERE OPPORTUNITIES ARE LIMITED.
Revenues
$7.1M
Expenses
$7.6M
Net Income:
-$551K
Assets
$10.8M
Liabilities
$2.5M
Net Assets:
+$8.4M
Operating Budget
$7.1M
Operating Budget by Year

Due Diligence

Are you a grantmaker?
Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
plg-image
plg-image
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
Total No. of Grants
31
Median grant size
$10K
Largest grant received
$1M
D
DR Mark George
Board Member
B
Barbara Sereda
Board Member
L
Lee Anne Stoddart
Board Member

Frequently Asked Questions

What is MUSIC INSTITUTE OF CHICAGO’s budget?
In 2024, MUSIC INSTITUTE OF CHICAGO reported an annual operating budget of around $7.1 million. More detailed financial information is available to registered users.
What causes does MUSIC INSTITUTE OF CHICAGO support?
MUSIC INSTITUTE OF CHICAGO supports work in Arts education.
Where does MUSIC INSTITUTE OF CHICAGO operate?
MUSIC INSTITUTE OF CHICAGO is headquartered in Evanston, IL.
Who funded MUSIC INSTITUTE OF CHICAGO recently?
In 2025, MUSIC INSTITUTE OF CHICAGO received grants from UNITED WAY OF BERGEN COUNTY, THE NEGAUNEE FOUNDATION, and THE NEGAUNEE FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant MUSIC INSTITUTE OF CHICAGO received in 2024?
The largest grant to MUSIC INSTITUTE OF CHICAGO in 2024 exceeds $1 million.