Illinois Property Assessment Institute

Analysis

Illinois Property Assessment Institute is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in June 1975, 51 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Illinois Property Assessment Institute reported income of $689k and spending of $590k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $503k to $689k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Illinois Property Assessment Institute sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Redlands Senior Housing II ($689k), Mountain Springs Living Inc ($690k) and First 202 Housing Corporation Xenia Site ($689k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 102% of the total. Compensation of current officers, directors and key employees was $88k (15% of expenses). Other salaries and wages came to $131k. At year end it held assets of $765k against liabilities of $169k, net assets of $596k. It reported 5 employees.