Isabella Grimes Educational Fund

Analysis

Isabella Grimes Educational Fund is a registered charity in United States, based in Jerseyville, IL. It received its IRS tax-exemption ruling in May 1933, 93 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 September 2023, Isabella Grimes Educational Fund reported income of $479k and spending of $301k, leaving 37% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $554k to $479k (-13%), an average of -3.6% a year. The sharpest change came in the year to September 2022, when income rose by 18%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Isabella Grimes Educational Fund sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Hoboken Public Education Foundation Corporation ($479k), Miami International Seminary Inc ($479k) and Canopy Atlanta ($479k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 32% of the total. Compensation of current officers, directors and key employees was $1,500 (0.5% of expenses). At year end it held assets of $3.1m against liabilities of $40, net assets of $3.1m. It reported 1 employees.