Illinois Association of College Admission Counselors

Analysis

Illinois Association of College Admission Counselors is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 May 2023, Illinois Association of College Admission Counselors reported income of $613k and spending of $687k, spending 112% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $576k to $613k (+6.4%), an average of +1.6% a year. The sharpest change came in the year to May 2022, when income rose by 37%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Illinois Association of College Admission Counselors sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Reisterstown Gardens Senior Housing Inc ($613k), The Crouch Foundation ($613k) and Lima 370 Charity Foundation Inc ($613k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Other salaries and wages came to $64k. At year end it held assets of $927k against liabilities of $1,250, net assets of $926k. It reported 3 employees.