McLean County Extension Service Foundation

Analysis

McLean County Extension Service Foundation is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in July 1979, 47 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 December 2023, McLean County Extension Service Foundation reported income of $94k and spending of $30k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $109k to $94k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, McLean County Extension Service Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within IL. Charities of a similar size with the same main cause include DS Support Inc ($94k), The United Veterans Council of East Tennessee Inc ($94k) and Blackhawk Area Meals on Wheels ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $863k against liabilities of $281k, net assets of $582k.