William Rainey Harper College Educational Foundation

Analysis

William Rainey Harper College Educational Foundation is a registered charity in United States, based in Palatine, IL. It received its IRS tax-exemption ruling in January 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, William Rainey Harper College Educational Foundation reported income of $2.3m and spending of $6.1m, spending 266% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $3.5m to $2.3m (-34%), an average of -13% a year. The sharpest change came in the year to June 2021, when income rose by 525%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, William Rainey Harper College Educational Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Madison Public Library Foundation Inc ($2.3m), Lion Athletic Association ($2.3m) and North Columbus Preparatory Academy ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $48.4m against liabilities of $406k, net assets of $48.0m.