Illinois S O Foundation

Analysis

Illinois S O Foundation is a registered charity in United States, based in Normal, IL. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Illinois S O Foundation reported income of $325k and spending of $40k, leaving 88% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.2m to $325k (-73%), an average of -48% a year. The sharpest change came in the year to December 2023, when income dropped by 73%. Over the whole period it spent 4.1% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Illinois S O Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Neurologic Music Therapy Services of Arizona ($324k), Rural Community Food Pantry ($325k) and Southeastern Cancer Care ($324k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $4.6m against liabilities of $23k, net assets of $4.6m.