Advance Illinois NFP

Analysis

Advance Illinois NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 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 December 2023, Advance Illinois NFP reported income of $2.8m and spending of $2.9m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $2.8m (+5.9%), an average of +1.4% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Advance Illinois NFP sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include National School Public Relations Association ($2.8m), Explorer West an Independent Middle School ($2.8m) and Lucy Daniels Center for Early Childhood ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $237k (8.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $7.2m against liabilities of $454k, net assets of $6.7m. It reported 21 employees.