State Bank Foundation

Analysis

State Bank Foundation is a registered charity in United States, based in Freeport, IL. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, State Bank Foundation reported income of $52k and spending of $19k, leaving 64% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $43k to $52k (+20%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 37% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, State Bank Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within IL. Charities of a similar size with the same main cause include National Charity League Inc Sugar Land Chapter ($52k), Reaching Beyond Words ($52k) and South Windsor Community Foundation Inc ($52k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 35% of the total. At year end it held assets of $318k against liabilities of $0, net assets of $318k.