Foundation for Litchfield School District No 12

Analysis

Foundation for Litchfield School District No 12 is a registered charity in United States, based in Litchfield, IL. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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 December 2023, Foundation for Litchfield School District No 12 reported income of $174k and spending of $121k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $174k (+257%), an average of +257% a year. The sharpest change came in the year to December 2023, when income rose by 257%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Litchfield School District No 12 sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include Committee of 1926 ($174k), South Roane County Volunteer Fire Department Inc ($174k) and M & O Housing Inc ($174k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $285k against liabilities of $0, net assets of $285k.