College of Lake County Foundation

Analysis

College of Lake County Foundation is a registered charity in United States, based in Grayslake, IL. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, College of Lake County Foundation reported income of $2.9m and spending of $4.5m, spending 157% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $2.9m (+46%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 97%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College of Lake County Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Moraga Educational Foundation ($2.9m), River Valley Charter School ($2.9m) and Metropolitan Learning Institute Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $39k. At year end it held assets of $10.9m against liabilities of $617k, net assets of $10.3m.