District 272 Educational Foundation

Analysis

District 272 Educational Foundation is a registered charity in United States, based in Amboy, IL. It received its IRS tax-exemption ruling in November 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, District 272 Educational Foundation reported income of $72k and spending of $102k, spending 142% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $816k to $72k (-91%), an average of -46% a year. The sharpest change came in the year to June 2022, when income dropped by 90%. Over the whole period it spent 34% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, District 272 Educational Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within IL. Charities of a similar size with the same main cause include Vicenza Community Club ($72k), Wallace Foundation for Rural Research and Development ($72k) and 1edtech Foundation ($72k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.