Illinois Prairie Community Foundation Inc

Analysis

Illinois Prairie Community Foundation Inc is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in November 1998, 28 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, Illinois Prairie Community Foundation Inc reported income of $5.2m and spending of $2.7m, leaving 48% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.7m to $5.2m (+96%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 116%. Over the whole period it spent 68% 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 Prairie Community Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Opera Colorado Foundation ($5.2m), Aspire Carolinas Foundation Inc ($5.2m) and Federation of Protestant Welfare Agencies Inc ($5.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $103k (3.7% of expenses). Other salaries and wages came to $140k. At year end it held assets of $24.5m against liabilities of $415k, net assets of $24.1m. It reported 3 employees.