Carl Sandburg College Foundation

Analysis

Carl Sandburg College Foundation is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in November 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Carl Sandburg College Foundation reported income of $1.1m and spending of $731k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.1m (-15%), an average of -3.9% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 41% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carl Sandburg College Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Lucky Lane Nursery School Association ($1.1m), Caring House Incorporated ($1.1m) and General Alumni Association of the University of Maine ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $22.8m against liabilities of $190k, net assets of $22.6m.