Financial Services Stakeholder Project

Analysis

Financial Services Stakeholder Project is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2017, 9 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 December 2023, Financial Services Stakeholder Project reported income of $3.9m and spending of $3.1m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $590k to $3.9m (+560%), an average of +60% a year. The sharpest change came in the year to December 2021, when income rose by 200%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Financial Services Stakeholder Project sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include LA Union Del Pueblo Entero ($3.9m), Phinney Neighborhood Association ($3.9m) and Samoan Community Development Center Incorporated ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $103k (3.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.1m against liabilities of $90k, net assets of $3.0m. It reported 20 employees.