Iald Educational Trust Fund Inc

Analysis

Iald Educational Trust Fund Inc is a registered charity in United States, based in Elmhurst, IL. It received its IRS tax-exemption ruling in February 1999, 27 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, Iald Educational Trust Fund Inc reported income of $137k and spending of $153k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $565k to $137k (-76%), an average of -30% a year. The sharpest change came in the year to December 2020, when income dropped by 68%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iald Educational Trust Fund Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within IL. Charities of a similar size with the same main cause include SHS Athletics Booster Club ($137k), Upsilon Omega Foundation Inc ($137k) and N J State Fmba Foundation Inc ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. Compensation of current officers, directors and key employees was $63k (41% of expenses). Other salaries and wages came to $15k. At year end it held assets of $2.0m against liabilities of $12k, net assets of $2.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.