Illuminus Foundation Inc

Analysis

Illuminus Foundation Inc is a registered charity in United States, based in Watertown, WI. It received its IRS tax-exemption ruling in January 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Illuminus Foundation Inc reported income of $1.1m and spending of $664k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $554k to $1.1m (+98%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 347%. Over the whole period it spent 19% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Illuminus Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within WI. Charities of a similar size with the same main cause include Jewish Federation of Grand Rapids ($1.1m), Nancy K Perry Childrens Shelter ($1.1m) and Fame Leaders Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. Other salaries and wages came to $8,123. At year end it held assets of $12.2m against liabilities of $161k, net assets of $12.1m.