Elgin Community College Foundation

Analysis

Elgin Community College Foundation is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Elgin Community College Foundation reported income of $912k and spending of $941k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.3m to $912k (-61%), an average of -27% a year. The sharpest change came in the year to June 2021, when income dropped by 61%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elgin Community College Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Shajara Tayyiba Holdings Inc ($912k), Hope Farm School ($912k) and Wisconsin Association of School Personnel Administrators ($912k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $11.8m against liabilities of $90k, net assets of $11.8m.