Danville Foundation for Industrial Growth

Analysis

Danville Foundation for Industrial Growth is a registered charity in United States, based in Danville, IL. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 August 2023, Danville Foundation for Industrial Growth reported income of $109k and spending of $41k, leaving 63% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $113k to $109k (-3.2%), an average of -0.8% a year. The sharpest change came in the year to August 2023, when income rose by 137%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Danville Foundation for Industrial Growth sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within IL. Charities of a similar size with the same main cause include Tallahassee Area Chapter of 100 Black Men of America Inc ($109k), Social Ventures Inc ($109k) and Junior League of Lincoln Inc ($109k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $160k against liabilities of $0, net assets of $160k.