Illinois Hotel & Lodging Association Educational Foundation

Analysis

Illinois Hotel & Lodging Association Educational Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1994, 32 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 December 2023, Illinois Hotel & Lodging Association Educational Foundation reported income of $84k and spending of $73k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $88k to $84k (-4.2%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 148%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Illinois Hotel & Lodging Association Educational Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within IL. Charities of a similar size with the same main cause include Parent Booster USA Inc ($84k), Falls City All Sports Booster Club ($84k) and Sandra Crook and the Party Hens Inc ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $407k against liabilities of $39k, net assets of $368k.