Will County Farm Bureau Foundation

Analysis

Will County Farm Bureau Foundation is a registered charity in United States, based in Joliet, IL. It received its IRS tax-exemption ruling in December 1987, 39 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 September 2023, Will County Farm Bureau Foundation reported income of $57k and spending of $84k, spending 148% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income fell from $144k to $57k (-61%), an average of -37% a year. The sharpest change came in the year to September 2022, when income rose by 125%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Will County Farm Bureau Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within IL. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($57k), PTA Texas Congress ($57k) and Fairfield Library Association Inc ($57k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $787k against liabilities of $49k, net assets of $738k.