Northern Illinois University Foundation

Analysis

Northern Illinois University Foundation is a registered charity in United States, based in Dekalb, IL. It received its IRS tax-exemption ruling in July 1955, 71 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Northern Illinois University Foundation reported income of $19.2m and spending of $15.9m, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $10.3m to $19.2m (+86%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 91%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northern Illinois University Foundation sits at the 96th percentile: it is larger than about 96% 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 Hudson Arts and Science Charter School ($19.2m), Creative Minds International Public Charter School ($19.2m) and Green Vale School ($19.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% and program service revenue 6.8% of the total. At year end it held assets of $183.5m against liabilities of $17.1m, net assets of $166.4m.