Danville Public School Foundation Inc

Analysis

Danville Public School Foundation Inc is a registered charity in United States, based in Danville, IL. It received its IRS tax-exemption ruling in December 1994, 32 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 2024, Danville Public School Foundation Inc reported income of $572k and spending of $225k, leaving 61% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.2m to $572k (-74%), an average of -29% a year. The sharpest change came in the year to June 2024, when income rose by 304%. Over the whole period it spent 34% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Danville Public School Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Serve Braj Inc ($571k), Incubator for Emerging Jewish Initiatives Inc ($572k) and Alabama Family Charitable TR ($571k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $43k (19% of expenses). Other salaries and wages came to $38k. At year end it held assets of $4.0m against liabilities of $1,663, net assets of $4.0m. It reported 3 employees.