Institute for Community Inc

Analysis

Institute for Community Inc is a registered charity in United States, based in Romeoville, IL. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Institute for Community Inc reported income of $854k and spending of $1.0m, spending 121% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $878k to $854k (-2.7%), an average of -0.6% a year. The sharpest change came in the year to December 2019, when income rose by 243%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Institute for Community Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Agape Foundation Charitable Trust ($854k), Spcpa Building Company ($854k) and Ventura Music Festival Association Inc ($854k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 26% of the total. Other salaries and wages came to $285k. At year end it held assets of $5.1m against liabilities of $269k, net assets of $4.8m. It reported 25 employees.