Scholarships for Illinois Residents Inc

Analysis

Scholarships for Illinois Residents Inc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in October 1948, 78 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Scholarships for Illinois Residents Inc reported income of $510k and spending of $684k, spending 134% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $424k to $510k (+20%), an average of +4.8% a year. The sharpest change came in the year to June 2022, when income rose by 120%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scholarships for Illinois Residents Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Jaron Ministries International Inc ($510k), Florida Engineering Foundation Inc ($511k) and Bethlehem Housing Inc ($510k).

At year end it held assets of $14.2m against liabilities of $489, net assets of $14.2m.