Kewanee School District 229 Foundation Fund

Analysis

Kewanee School District 229 Foundation Fund is a registered charity in United States, based in Kewanee, IL. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Kewanee School District 229 Foundation Fund reported income of $884k and spending of $730k, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $241k to $884k (+267%), an average of +38% a year. The sharpest change came in the year to June 2023, when income rose by 1592%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kewanee School District 229 Foundation Fund sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include New Horizon High School ($884k), National Council on Public History ($885k) and Freedom House Ministries ($884k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 37% of the total. At year end it held assets of $5.1m against liabilities of $0, net assets of $5.1m.