Hillsboro Community Unit School District 3 Educational Foundation

Analysis

Hillsboro Community Unit School District 3 Educational Foundation is a registered charity in United States, based in Hillsboro, IL. It received its IRS tax-exemption ruling in May 1995, 31 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 2023, Hillsboro Community Unit School District 3 Educational Foundation reported income of $287k and spending of $163k, leaving 43% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $126k to $287k (+128%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 301%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hillsboro Community Unit School District 3 Educational Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Fresh Start for Women ($287k), International Black Womens Public Institute Inc ($287k) and Cass County Historical Society Foundation ($287k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.