Illinois Library Association

Analysis

Illinois Library Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1955, 71 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 June 2023, Illinois Library Association reported income of $3.5m and spending of $3.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.5m (+11%), an average of +2.6% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Illinois Library Association sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Old Town Academy ($3.5m), Lane Community College Foundation ($3.5m) and University Cooperative Housing Association ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $219k (6.2% of expenses). Other salaries and wages came to $230k. At year end it held assets of $3.4m against liabilities of $769k, net assets of $2.6m. It reported 6 employees.