Northern Kane Educational Corp

Analysis

Northern Kane Educational Corp is a registered charity in United States, based in Pingree Grove, IL. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Northern Kane Educational Corp reported income of $9.9m and spending of $8.7m, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $10.4m to $9.9m (-5.3%), an average of -1.3% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northern Kane Educational Corp sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Laraway Youth and Family Services ($9.9m), Lakeview Academy ($9.9m) and Conference of Western Attorneys General ($9.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $342k (4.0% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $20.2m against liabilities of $17.9m, net assets of $2.3m. It reported 123 employees.