Illinois Bar Foundation

Analysis

Illinois Bar Foundation is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in June 1959, 67 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 2023, Illinois Bar Foundation reported income of $1.5m and spending of $1.6m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.5m (+0.7%), an average of +0.2% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Illinois Bar Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Summit Academy Community School for Alternative Learners-Cleveland ($1.5m), Ellis School of Atlanta Inc ($1.5m) and Montessori Association of South Texas ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $173k (11% of expenses). Other salaries and wages came to $742k. At year end it held assets of $6.3m against liabilities of $525k, net assets of $5.8m. It reported 5 employees.