Illinois College

Analysis

Illinois College is a registered charity in United States, based in Jacksonville, IL. It received its IRS tax-exemption ruling in March 1941, 85 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Illinois College reported income of $51.3m and spending of $60.0m, spending 117% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $51.6m to $51.3m (-0.6%), an average of -0.2% a year. The sharpest change came in the year to May 2023, when income dropped by 21%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Illinois College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Breck School ($51.2m), Inner City Education Foundation ($51.3m) and Greenwich Academy Inc ($51.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 12% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $1.2m (2.1% of expenses). Other salaries and wages came to $14.6m. It paid $95k in professional fundraising fees. At year end it held assets of $219.6m against liabilities of $45.5m, net assets of $174.2m. It reported 866 employees.