Illinois Foundation of Skills USA Vica

Analysis

Illinois Foundation of Skills USA Vica is a registered charity in United States, based in Pekin, IL. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2023, Illinois Foundation of Skills USA Vica reported income of $1.3m and spending of $1.3m, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $144k to $1.3m (+806%), an average of +806% a year. The sharpest change came in the year to June 2023, when income rose by 806%. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Illinois Foundation of Skills USA Vica sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Boys & Girls Clubs of Gloucester County Inc ($1.3m), Marion County Junior Livestock Auction ($1.3m) and Acta Non Verba Youth Urban Farm Project ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $31k. At year end it held assets of $62k against liabilities of $0, net assets of $62k.