Free Street Programs Inc

Analysis

Free Street Programs Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1974, 52 years ago. 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 August 2023, Free Street Programs Inc reported income of $351k and spending of $347k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $519k to $351k (-32%), an average of -9.3% a year. The sharpest change came in the year to August 2020, when income dropped by 41%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Free Street Programs Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include House of Prayer for All the Nations ($351k), Youth for Christ USA Inc ($351k) and Lutheran Congregational Services Inc ($351k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 92% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $61k (18% of expenses). Other salaries and wages came to $76k. At year end it held assets of $416k against liabilities of $20k, net assets of $397k. It reported 6 employees.