Eastern Illinois University Foundation

Analysis

Eastern Illinois University Foundation is a registered charity in United States, based in Charleston, IL. It received its IRS tax-exemption ruling in August 1957, 69 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Eastern Illinois University Foundation reported income of $9.9m and spending of $6.2m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.3m to $9.9m (-4.3%), an average of -1.1% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eastern Illinois University Foundation 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 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include North Star Charter School Inc ($9.9m), Twin Cities Academy ($9.9m) and Horizon Science Academy Inc ($9.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 0.9% of the total. At year end it held assets of $125.6m against liabilities of $152k, net assets of $125.5m.