Illinois Community College System Foundation

Analysis

Illinois Community College System Foundation is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in August 1996, 30 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 December 2023, Illinois Community College System Foundation reported income of $787k and spending of $567k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $720k to $787k (+9.2%), an average of +2.2% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Illinois Community College System Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include Wesbury Foundation ($787k), Lipstick Angels ($787k) and Kinecta Community Foundation ($787k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $55k (9.7% of expenses). Other salaries and wages came to $40k. At year end it held assets of $8.7m against liabilities of $1.9m, net assets of $6.8m. It reported 3 employees.