Illinois Reading Council Inc

Analysis

Illinois Reading Council Inc is a registered charity in United States, based in Normal, IL. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Illinois Reading Council Inc reported income of $444k and spending of $343k, leaving 23% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $217k to $444k (+105%), an average of +43% a year. The sharpest change came in the year to June 2023, when income rose by 93%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Illinois Reading Council Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Catch the Next Inc ($444k), John Graham Library ($444k) and Ohio County Eagles Booster Inc ($444k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.9% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $74k (22% of expenses). Other salaries and wages came to $18k. At year end it held assets of $365k against liabilities of $2,056, net assets of $362k.