Highsight

Analysis

Highsight is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Highsight reported income of $1.2m and spending of $1.1m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.8m to $1.2m (-35%), an average of -10% a year. The sharpest change came in the year to June 2022, when income dropped by 37%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Highsight sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Maldef Property Management Corp ($1.2m), City Club of Chicago ($1.2m) and Norris Square Neighborhood Project ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $117k (10% of expenses). Other salaries and wages came to $307k. At year end it held assets of $1.2m against liabilities of $20k, net assets of $1.2m. It reported 5 employees.