Community Foundation of Kankakee River Valley

Analysis

Community Foundation of Kankakee River Valley is a registered charity in United States, based in Kankakee, IL. It received its IRS tax-exemption ruling in October 1983, 43 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 (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, Community Foundation of Kankakee River Valley reported income of $851k and spending of $1.0m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $851k (-38%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Kankakee River Valley 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 77th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Watertown Area United Way ($851k), Scottish Rite Foundation of Florida ($851k) and Jessye Norman School of the Arts ($850k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $374k. At year end it held assets of $10.3m against liabilities of $1,777, net assets of $10.3m. It reported 13 employees.