Arts, Culture & Humanities
(A30)
IRS Verified
DX Registered
990 on File
TRUE STAR FOUNDATION INC
CharityAI™ Score
Not yet evaluated
Mission Statement
True Star Foundation is a nonprofit organization that provides a creative outlet in the form of literary, media arts, and professional development programs for predominately minority male and female youth, ages 11-21, in the metropolitan Chicago area. The True Star Foundation’s mission is to demonstrate healthy transitions for youth coming into early adulthood by exposing them to real world experiences in the workforce through the development of their own media and being an intricate part of the strategic direction and overall business operations of the organization.
Financial Overview — FY 2024
$2.3M
Total Revenue
$1.8M
Total Expenses
$871K
Net Assets
5
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
95.1%
Fundraising Efficiency
2.8%
Operating Reserve
5.65x
Liability-to-Asset
21.6%
Revenue Diversification
61.2%
Executive Compensation
$197K
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $2.3M | $1.8M | $871K | 95.1% | 5 |
| 2023 | $1.5M | $1.3M | $462K | 87.9% | 6 |
| 2022 | $749K | $969K | $231K | 59.9% | 2 |
| 2021 | $1.1M | $877K | N/A | — | 2 |
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