Southern Illinois Research Park Corporation

Analysis

Southern Illinois Research Park Corporation is a registered charity in United States, based in Carbondale, IL. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Southern Illinois Research Park Corporation reported income of $346k and spending of $357k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $396k to $346k (-13%), an average of -4.4% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southern Illinois Research Park Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Seneca R-7 Schools Foundation ($346k), 22nd Judicial District Casa Inc ($346k) and Ottawa Hills Schools Parent Association ($346k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $1.9m against liabilities of $1.6m, net assets of $378k.