Eureka College

Analysis

Eureka College is a registered charity in United States, based in Eureka, IL. It received its IRS tax-exemption ruling in September 1947, 79 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 June 2023, Eureka College reported income of $14.0m and spending of $16.4m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $14.1m to $14.0m (-1.0%), an average of -0.3% a year. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eureka College sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Idaho Arts Charter School ($14.0m), Edventuremore ($14.0m) and Leadership Prep School ($14.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $413k (2.5% of expenses). Other salaries and wages came to $5.8m. It paid $61k in professional fundraising fees. At year end it held assets of $57.1m against liabilities of $13.4m, net assets of $43.6m. It reported 339 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.