Springfield Illinois African-American History Foundatio

Analysis

Springfield Illinois African-American History Foundatio is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Springfield Illinois African-American History Foundatio reported income of $175k and spending of $160k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $85k to $175k (+106%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Springfield Illinois African-American History Foundatio sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include Greater Anderson Musical Arts Consortium ($175k), Friends of the Pound House Foundation ($175k) and Northeastern New Mexico Educational Foundation Inc ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% of the total. Other salaries and wages came to $61k. At year end it held assets of $235k against liabilities of $4,591, net assets of $231k. It reported 4 employees.