Community Foundation of East Central Illinois

Analysis

Community Foundation of East Central Illinois is a registered charity in United States, based in Champaign, IL. It received its IRS tax-exemption ruling in October 1972, 54 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Community Foundation of East Central Illinois reported income of $4.0m and spending of $2.3m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.5m to $4.0m (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of East Central Illinois sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Hope Crisis Response Network Inc- HCRN ($4.0m), Community Foundation of Hancock County Inc ($4.0m) and Jewish Federation of Middlesex and Monmouth Counties ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. Compensation of current officers, directors and key employees was $82k (3.6% of expenses). Other salaries and wages came to $105k. At year end it held assets of $33.8m against liabilities of $41k, net assets of $33.7m. It reported 3 employees.