Severson Dells Educational Foundation

Analysis

Severson Dells Educational Foundation is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in December 1978, 48 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 December 2023, Severson Dells Educational Foundation reported income of $742k and spending of $563k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $335k to $742k (+121%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 444%. 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, Severson Dells Educational Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include American Foundation for University of the West Indies Inc ($742k), Pittsburgh Elite Aquatics ($742k) and Mid-Cities Care Corps ($742k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $90k (16% of expenses). Other salaries and wages came to $198k. At year end it held assets of $3.0m against liabilities of $25k, net assets of $3.0m. It reported 22 employees.