Illinois Headstart Association Inc

Analysis

Illinois Headstart Association Inc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Illinois Headstart Association Inc reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $914k to $1.1m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Illinois Headstart Association Inc 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 80th percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Dennis Aaron Ministries Inc ($1.1m), Martin Methodist College ($1.1m) and Dr Phoebia G Moore Memorial Library Trust Fund Association ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $166k (15% of expenses). Other salaries and wages came to $70k. At year end it held assets of $787k against liabilities of $69k, net assets of $718k. It reported 3 employees.