McKinley Foundation at the University of Illinois

Analysis

McKinley Foundation at the University of Illinois is a registered charity in United States, based in Champaign, IL. It received its IRS tax-exemption ruling in March 1984, 42 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 June 2024, McKinley Foundation at the University of Illinois reported income of $4.6m and spending of $4.5m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.5m to $4.6m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 144%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McKinley Foundation at the University of Illinois sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Preschool of the Arts Inc ($4.6m), Southwestern College ($4.6m) and Ashland School Inc ($4.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $113k (2.5% of expenses). Other salaries and wages came to $464k. At year end it held assets of $20.6m against liabilities of $29.1m, net assets of -$8.6m. It reported 38 employees.