Illinois Association of School Boards

Analysis

Illinois Association of School Boards is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in October 1943, 83 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Illinois Association of School Boards reported income of $14.1m and spending of $12.9m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $12.1m to $14.1m (+16%), an average of +3.9% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Illinois Association of School Boards sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Baptist Health Properties Inc ($14.0m), Great Lakes Inter-Tribal Council Inc ($14.1m) and Valley of the Sun Jewish Community Center Inc ($14.0m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 86% of the total. Compensation of current officers, directors and key employees was $575k (4.4% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $23.0m against liabilities of $8.2m, net assets of $14.8m. It reported 75 employees.