Star Farm Chicago

Analysis

Star Farm Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2018, 8 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 December 2023, Star Farm Chicago reported income of $881k and spending of $507k, leaving 42% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $346k to $881k (+154%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Star Farm Chicago sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Nebraska Family Alliance Inc ($881k), Bergenfield School Age Child Care Center Inc ($881k) and Nolensville Recreation Center Incorporated ($881k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $81k (16% of expenses). Other salaries and wages came to $211k. At year end it held assets of $737k against liabilities of $89k, net assets of $648k. It reported 17 employees.