Illinois Valley Industries Inc

Analysis

Illinois Valley Industries Inc is a registered charity in United States, based in Morris, IL. It received its IRS tax-exemption ruling in February 1972, 54 years ago. 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 2024, Illinois Valley Industries Inc reported income of $1.3m and spending of $1.3m, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.3m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2021, when income dropped by 16%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Illinois Valley Industries Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include H O M E Inc ($1.3m), Lazarus Project of Knoxville Lazarus Project of Knoxville ($1.3m) and Sexual Assault Prevention and Response Services ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $903k (68% of expenses). At year end it held assets of $2.7m against liabilities of $76k, net assets of $2.6m. It reported 79 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.