Illinois State University Foundation

Analysis

Illinois State University Foundation is a registered charity in United States, based in Normal, IL. It received its IRS tax-exemption ruling in November 1953, 73 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Illinois State University Foundation reported income of $21.4m and spending of $18.6m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $33.2m to $21.4m (-36%), an average of -10% a year. The sharpest change came in the year to June 2023, when income dropped by 26%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Illinois State University Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Communities in Schools of Houston Inc ($21.4m), Nellie Mae Education Foundation Inc ($21.4m) and Sioux Falls Christian Schools Association ($21.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 0.4% of the total. At year end it held assets of $279.9m against liabilities of $6.2m, net assets of $273.8m.