Illinois Valley Orchestral Association

Analysis

Illinois Valley Orchestral Association is a registered charity in United States, based in Peru, IL. It received its IRS tax-exemption ruling in March 1968, 58 years ago. 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 2024, Illinois Valley Orchestral Association reported income of $192k and spending of $110k, leaving 43% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $111k to $192k (+74%), an average of +74% a year. The sharpest change came in the year to June 2024, when income rose by 74%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Illinois Valley Orchestral Association sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within IL. Charities of a similar size with the same main cause include Licking Bridge Builders Inc Senior Center ($192k), Metropolitan School of Dance Inc ($193k) and The Ohio State University ($192k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 30% and program service revenue 31% of the total. At year end it held assets of $385k against liabilities of $0, net assets of $385k.