Illinois Chamber Foundation

Analysis

Illinois Chamber Foundation is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in February 1972, 54 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Illinois Chamber Foundation reported income of $52k and spending of $100k, spending 191% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $722 to $52k (+7156%), an average of +7156% a year. The sharpest change came in the year to December 2023, when income rose by 7156%. Over the whole period it spent 214% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Illinois Chamber Foundation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within IL. Charities of a similar size with the same main cause include Gospel Partners Inc ($52k), Tom Flores Youth Foundation ($52k) and Hanover Central Wildcat Pride Gridiron Club ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. At year end it held assets of $16k against liabilities of $70k, net assets of -$55k.