Northeastern Illinois University Foundation

Analysis

Northeastern Illinois University Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1969, 57 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Northeastern Illinois University Foundation reported income of $3.7m and spending of $2.1m, leaving 44% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.7m to $3.7m (+38%), an average of +6.7% a year. The sharpest change came in the year to June 2024, when income rose by 53%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northeastern Illinois University Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Venice Christian School Private School ($3.7m), Southland Economic Development Corporation ($3.7m) and Prevention Resources Inc ($3.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% and program service revenue 0.7% of the total. At year end it held assets of $24.5m against liabilities of $534k, net assets of $24.0m.