Geneva Academic Foundation

Analysis

Geneva Academic Foundation is a registered charity in United States, based in Geneva, IL. It received its IRS tax-exemption ruling in July 1989, 37 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Geneva Academic Foundation reported income of $60k and spending of $63k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $125k to $60k (-52%), an average of -17% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 42% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Geneva Academic Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within IL. Charities of a similar size with the same main cause include Adolfo Camarillo High School Music Booster ($60k), Capital City a & M Foundation Inc ($60k) and Hanover High School Athletic Booster Club ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. At year end it held assets of $649k against liabilities of $1, net assets of $649k.