Institute on Religious Life Inc

Analysis

Institute on Religious Life Inc is a registered charity in United States, based in Libertyville, IL. It received its IRS tax-exemption ruling in November 1994, 32 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, Institute on Religious Life Inc reported income of $466k and spending of $447k, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $334k to $466k (+39%), an average of +8.7% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute on Religious Life Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include South Carolina Future Farmers of America Foundation ($466k), Wild Oceans Inc ($466k) and Cornea Research Foundation of America Inc ($466k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $73k (16% of expenses). Other salaries and wages came to $104k. It paid $23k in professional fundraising fees. At year end it held assets of $496k against liabilities of $0, net assets of $496k. It reported 4 employees.