Oak Park-River Forest Community Foundation

Analysis

Oak Park-River Forest Community Foundation is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in April 1998, 28 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 (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, Oak Park-River Forest Community Foundation reported income of $5.0m and spending of $5.5m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $5.5m to $5.0m (-8.5%), an average of -2.2% a year. The sharpest change came in the year to June 2021, when income rose by 542%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Oak Park-River Forest Community Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include United Way of Northwest Indiana Inc ($5.0m), Case Alumni Foundation ($5.0m) and Indiana United Methodist Childrens Home Foundation Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $177k (3.2% of expenses). Other salaries and wages came to $351k. At year end it held assets of $49.9m against liabilities of $328k, net assets of $49.6m. It reported 8 employees.