Spirit of 67 Foundation

Analysis

Spirit of 67 Foundation is a registered charity in United States, based in Lake Forest, IL. It received its IRS tax-exemption ruling in February 1987, 39 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 June 2024, Spirit of 67 Foundation reported income of $288k and spending of $494k, spending 172% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $258k to $288k (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spirit of 67 Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Boston Theological Institute ($288k), Salem Education Foundation ($288k) and Killgoar Education Foundation ($288k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $625k against liabilities of $88k, net assets of $537k.