Kaneland Foundation

Analysis

Kaneland Foundation is a registered charity in United States, based in Maple Park, IL. It received its IRS tax-exemption ruling in June 1988, 38 years ago. 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 June 2024, Kaneland Foundation reported income of $78k and spending of $191k, spending 246% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $53k to $78k (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2023, when income rose by 155%. Over the whole period it spent 182% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kaneland Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within IL. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($78k), PTA New York Congress ($78k) and W H Johnston Foundation ($78k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $84k (44% of expenses). At year end it held assets of $112k against liabilities of $0, net assets of $112k.

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.