Education Foundation of Downers Grove District 58

Analysis

Education Foundation of Downers Grove District 58 is a registered charity in United States, based in Downers Grove, IL. It received its IRS tax-exemption ruling in July 2002, 24 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 2023, Education Foundation of Downers Grove District 58 reported income of $188k and spending of $22k, leaving 88% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $47k to $188k (+302%), an average of +100% a year. The sharpest change came in the year to June 2022, when income rose by 718%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Education Foundation of Downers Grove District 58 sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within IL. Charities of a similar size with the same main cause include Literacy Action Network ($188k), Annie T Doe Memorial Foundatioin ($188k) and Handley Regional Library Endowment Fund ($188k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 134% of the total. At year end it held assets of $297k against liabilities of $0, net assets of $297k.