Illinois Real Estate Educational Foundation

Analysis

Illinois Real Estate Educational Foundation is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in August 2014, 12 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 December 2023, Illinois Real Estate Educational Foundation reported income of $113k and spending of $77k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $241k to $113k (-53%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Illinois Real Estate Educational Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include Kings Kids Foundation Inc ($113k), Warrior Pride Athletic Boosters Inc ($113k) and Potter Gray Elementary PTO Inc ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 129% of the total. Other salaries and wages came to $30k. At year end it held assets of $2.0m against liabilities of $41k, net assets of $1.9m.