Illinois RT 66 Heritage Project

Analysis

Illinois RT 66 Heritage Project is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Illinois RT 66 Heritage Project reported income of $1.6m and spending of $1.6m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $269k to $1.6m (+480%), an average of +80% a year. The sharpest change came in the year to June 2023, when income rose by 369%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Illinois RT 66 Heritage Project sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Clarksville-Montgomery County Museum ($1.6m), Marin Shakespeare Company ($1.6m) and Jacksonville Educators Broadcasting Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $126k (8.0% of expenses). At year end it held assets of $149k against liabilities of $4,374, net assets of $145k. It reported 2 employees.