Illinois Central College Foundation

Analysis

Illinois Central College Foundation is a registered charity in United States, based in East Peoria, IL. It received its IRS tax-exemption ruling in August 1988, 38 years ago. 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 2023, Illinois Central College Foundation reported income of $3.7m and spending of $4.0m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $3.7m (+4.1%), an average of +1.0% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Illinois Central College Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Awareness Society a New Jersey Nonprofit Corporation ($3.7m), Needham Extended Day Program Inc ($3.7m) and University of Iowa Research Foundation ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 52% of the total. At year end it held assets of $38.4m against liabilities of $14.6m, net assets of $23.8m.