Libertyville Civic Center Foundation

Analysis

Libertyville Civic Center Foundation is a registered charity in United States, based in Libertyville, IL. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 December 2023, Libertyville Civic Center Foundation reported income of $481k and spending of $396k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $339k to $481k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 247%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Libertyville Civic Center Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Carter County Drug Prevention Coalition ($481k), Florida Association of Realtors Disaster Relief Fund ($481k) and Yietz Vezer Inc ($480k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $102k (26% of expenses). Other salaries and wages came to $130k. At year end it held assets of $829k against liabilities of $190k, net assets of $640k. It reported 8 employees.