Illini Media Company

Analysis

Illini Media Company is a registered charity in United States, based in Champaign, 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Illini Media Company reported income of $739k and spending of $803k, spending 109% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $772k to $739k (-4.4%), an average of -1.1% a year. The sharpest change came in the year to July 2022, when income rose by 56%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Illini Media Company sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Lincoln Park Cooperative Nursery School ($738k), Rio Hondo College Foundation ($739k) and Heirloom Farmers Markets Inc ($738k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $158k (20% of expenses). Other salaries and wages came to $156k. At year end it held assets of $650k against liabilities of $648k, net assets of $1,827. It reported 78 employees.

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.