Spoon River College Foundation

Analysis

Spoon River College Foundation is a registered charity in United States, based in Canton, IL. It received its IRS tax-exemption ruling in October 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Spoon River College Foundation reported income of $1.2m and spending of $455k, leaving 61% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $362k to $1.2m (+218%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 76%. Over the whole period it spent 39% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spoon River College Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Winebrenner Theological Seminary ($1.2m), Lakeside Legacy Foundation ($1.2m) and Jim Elliot Christian High School ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% of the total. It paid $59k in professional fundraising fees. At year end it held assets of $7.4m against liabilities of $199k, net assets of $7.2m.