CHICAGO THEATRE GROUP INC
Mission Statement
Goodman Theatre seeks to be the premier cultural institution in Chicago through the unsurpassed quality, range and diversity of its productions and programs and through its commitment to improving the quality of life in the community. In addition to a wide range of artistic programing on its stages, the Goodman has devoted significant resources to the development of education and community engagement programs which nurture audiences of all ages. Beginning with the a teacher training program called the Student Subscription Series in 1986, this portfolio of initiatives has expanded to include General Theater Studies, the Cindy Bandle Young Critics writing circle, the Youth Arts Council leadership development program, the GeNarrations writing workshop for older adults, and the CONTEXT, Artist Encounter and Talk Back discussions held throughout the year for the general community. These initiatives serve nearly 3,000 youth – the majority of whom attend Chicago Public Schools – and an estimated 6,000 adults from across the greater Chicagoland area each year.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
77.9% | 79.1% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
14.6% | 13.3% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
7.5% | 6.4% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
1754.4% | 763.3% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
10.5 mo | 30.8 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
62.9% | 14.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
50.7% | 65.5% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
8.6% | 8.7% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-15.9% | 4.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
9.3% | 5.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $32.0M | $29.0M | $25.2M | 77.9% | 680 |
| 2024 | $29.4M | $34.5M | $21.9M | 78.0% | 649 |
| 2023 | $26.8M | $30.5M | $27.3M | 78.9% | 649 |
| 2022 | $24.9M | $24.1M | $30.6M | 76.3% | 412 |
| 2021 | $13.3M | $14.8M | N/A | — | 352 |
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