Extollo Educational Foundation

Analysis

Extollo Educational Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Extollo Educational Foundation reported income of $144k and spending of $255k, spending 177% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $188k to $144k (-23%), an average of -6.4% a year. The sharpest change came in the year to June 2022, when income rose by 218%. Over the whole period it spent 135% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Extollo Educational Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within IL. Charities of a similar size with the same main cause include Everett High School PTA Everett Council 7 3 85 ($144k), Friends of Copper Island Academy ($144k) and The Jefferson County Education Association Excellence Fund ($144k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.