Illinois Credit Union Foundation

Analysis

Illinois Credit Union Foundation is a registered charity in United States, based in Naperville, IL. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Illinois Credit Union Foundation reported income of $1.1m and spending of $251k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $246k to $1.1m (+345%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 203%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Illinois Credit Union Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include North American Catalysis Society ($1.1m), PTA Florida Congress ($1.1m) and Exchange Club Child Abuse Preven- Tion Center-Aware Central Texas ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.