Mayfest Chicago NFP

Analysis

Mayfest Chicago NFP is a registered charity in United States, based in Niles, IL. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mayfest Chicago NFP reported income of $415k and spending of $374k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $510k to $415k (-19%), an average of -5.0% a year. The sharpest change came in the year to December 2022, when income rose by 30604%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mayfest Chicago NFP sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Palmetto Family Council ($415k), Florida Citrus Research Foundation Inc ($415k) and Deposit Community Center ($415k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $819k against liabilities of $0, net assets of $819k.