Rock Island-Milan Education Foundation

Analysis

Rock Island-Milan Education Foundation is a registered charity in United States, based in Rock Island, IL. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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, Rock Island-Milan Education Foundation reported income of $969k and spending of $615k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $943k to $969k (+2.8%), an average of +0.7% a year. The sharpest change came in the year to December 2023, when income rose by 451%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rock Island-Milan Education Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Latin Americans United for Progress Inc ($969k), Williams S Hart Boys Baseball League Inc ($969k) and McCasland Christian Academy ($969k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. Compensation of current officers, directors and key employees was $62k (10% of expenses). It paid $6,970 in professional fundraising fees. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m. It reported 1 employees.