Community Foundation of Northern Illinois

Analysis

Community Foundation of Northern Illinois is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in January 2001, 25 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 December 2023, Community Foundation of Northern Illinois reported income of $17.0m and spending of $9.5m, leaving 44% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $3.5m to $17.0m (+385%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 170%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Northern Illinois sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include United Way for Greater Austin ($16.8m), Pikes Peak Community Foundation ($17.0m) and Freedom Fund ($16.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $170k (1.8% of expenses). Other salaries and wages came to $568k. At year end it held assets of $138.8m against liabilities of $20.1m, net assets of $118.6m. It reported 10 employees.