Illinois Retired Teachers Association Foundation Inc

Analysis

Illinois Retired Teachers Association Foundation Inc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in February 1986, 40 years ago. 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 Retired Teachers Association Foundation Inc reported income of $461k and spending of $399k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $414k to $461k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Illinois Retired Teachers Association Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include New Haven Schools Foundation ($461k), Harvest House Inc ($461k) and Association of Anglican Musicians ($461k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $2.8m against liabilities of $399k, net assets of $2.4m.