East Richland Foundation for Academic Excellence Inc

Analysis

East Richland Foundation for Academic Excellence Inc is a registered charity in United States, based in Olney, IL. It received its IRS tax-exemption ruling in October 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, East Richland Foundation for Academic Excellence Inc reported income of $71k and spending of $83k, spending 117% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $63k to $71k (+13%), an average of +13% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Richland Foundation for Academic Excellence Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within IL. Charities of a similar size with the same main cause include Quogue Historical Society ($71k), PTA Florida Congress ($71k) and Northeast Vietnamese Church ($71k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% of the total. At year end it held assets of $529k against liabilities of $0, net assets of $529k.