Danville Area Community College Foundation Inc

Analysis

Danville Area Community College Foundation Inc is a registered charity in United States, based in Danville, IL. It received its IRS tax-exemption ruling in May 1964, 62 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 2024, Danville Area Community College Foundation Inc reported income of $2.9m and spending of $3.9m, spending 133% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $6.9m to $2.9m (-57%), an average of -19% a year. The sharpest change came in the year to June 2022, when income dropped by 105%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Danville Area Community College Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Heartland Christian School Inc ($2.9m), Casa Latina ($2.9m) and Sage School Incorporated ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% of the total. Other salaries and wages came to $171k. At year end it held assets of $23.3m against liabilities of $505k, net assets of $22.8m.