Holocaust Memorial Foundation of Illinois Inc

Analysis

Holocaust Memorial Foundation of Illinois Inc is a registered charity in United States, based in Skokie, IL. It received its IRS tax-exemption ruling in November 1982, 44 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Holocaust Memorial Foundation of Illinois Inc reported income of $12.3m and spending of $11.0m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.0m to $12.3m (+3.1%), an average of +0.8% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Holocaust Memorial Foundation of Illinois Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include The Virginia Arts Festival Inc ($12.3m), Maltz Jupiter Theatre Inc ($12.3m) and Museum of Arts and Design ($12.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $945k (8.6% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $83.7m against liabilities of $3.8m, net assets of $79.8m. It reported 53 employees.