Illinois Association of Student Financial Aid Administrators Inc

Analysis

Illinois Association of Student Financial Aid Administrators Inc is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Illinois Association of Student Financial Aid Administrators Inc reported income of $55k and spending of $52k, spending 96% of its income. Across the 2 years on record, from June 2021 to June 2023, income grew from $21k to $55k (+157%), an average of +157% a year. The sharpest change came in the year to June 2023, when income rose by 157%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Illinois Association of Student Financial Aid Administrators Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include George Washington International Affairs Association Inc ($55k), New Friends of Maricopa County Library District Inc ($55k) and Friends of Ics ($55k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $399k against liabilities of $0, net assets of $399k.