Southern Illinios Coal Belt Champion Community Inc

Analysis

Southern Illinios Coal Belt Champion Community Inc is a registered charity in United States, based in Du Quoin, IL. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 August 2023, Southern Illinios Coal Belt Champion Community Inc reported income of $158k and spending of $245k, spending 155% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $257k to $158k (-39%), an average of -12% a year. The sharpest change came in the year to August 2020, when income rose by 130%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southern Illinios Coal Belt Champion Community Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include The Zawadisha Fund ($158k), Nextgen Talent Inc ($158k) and Arvada Visitors Center ($158k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 31% of the total. Other salaries and wages came to $4,259. At year end it held assets of $4.5m against liabilities of $3.5m, net assets of $1.1m. It reported 2 employees.

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.