Illinois Manufacturers Association Education Foundation

Analysis

Illinois Manufacturers Association Education Foundation is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Illinois Manufacturers Association Education Foundation reported income of $52k and spending of $15k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $805k to $52k (-94%), an average of -50% a year. The sharpest change came in the year to December 2023, when income rose by 357%. 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, Illinois Manufacturers Association Education Foundation sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within IL. Charities of a similar size with the same main cause include Friends of the Daleville Community Library Inc ($52k), The Kentucky Association Teachers of Family and Consumer Sciences ($52k) and Upper Arlington Orchestra Parents Association Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $156k against liabilities of $0, net assets of $156k.