Reliance College Fund

Analysis

Reliance College Fund is a registered charity in United States, based in Chicago, 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 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 June 2023, Reliance College Fund reported income of $335k and spending of $320k, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $83k to $335k (+305%), an average of +59% a year. The sharpest change came in the year to June 2021, when income rose by 687%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reliance College Fund sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Basic Institute for Zonal African Advancement ($335k), Cleanerdns Inc ($335k) and The Bridge Avenue School ($335k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $79k (25% of expenses). Other salaries and wages came to $24k. At year end it held assets of $587k against liabilities of $0, net assets of $587k. It reported 3 employees.