Peoria Area Community Foundation

Analysis

Peoria Area Community Foundation is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in October 1987, 39 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Peoria Area Community Foundation reported income of $5.4m and spending of $2.9m, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $5.4m (+91%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 347%. Over the whole period it spent 44% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Peoria Area Community Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Michigan Association of United Ways Inc ($5.4m), Yhb Charitable Endowment Inc ($5.4m) and Unionport Foundation Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% of the total. Compensation of current officers, directors and key employees was $153k (5.3% of expenses). Other salaries and wages came to $204k. At year end it held assets of $71.9m against liabilities of $41.6m, net assets of $30.3m. It reported 6 employees.