Illinois Growth Enterprises Inc

Analysis

Illinois Growth Enterprises Inc is a registered charity in United States, based in Loves Park, IL. It received its IRS tax-exemption ruling in February 1972, 54 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 2023, Illinois Growth Enterprises Inc reported income of $342k and spending of $242k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $385k to $342k (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2021, when income rose by 110%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Illinois Growth Enterprises Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Central Mennonite Thrift Inc ($342k), San Ramon Valley Education Foundation ($342k) and League of Women Voters of New York State Education Foundation Inc ($342k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $4.4m against liabilities of $1,858, net assets of $4.4m.