Associated Colleges of Illinois Inc

Analysis

Associated Colleges of Illinois Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1954, 72 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2024, Associated Colleges of Illinois Inc reported income of $1.5m and spending of $1.2m, spending 85% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $1.2m to $1.5m (+17%), an average of +3.3% a year. The sharpest change came in the year to May 2020, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Associated Colleges of Illinois Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Rize Massachusetts Foundation Inc ($1.5m), Blessed Stephen Bellesini O S a Academy Inc ($1.5m) and Trauma and Critical Care Educational Foundation ($1.5m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 49% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $115k (9.3% of expenses). Other salaries and wages came to $192k. At year end it held assets of $1.4m against liabilities of $371k, net assets of $1.1m. It reported 5 employees.