Somonauk Education Foundation Inc

Analysis

Somonauk Education Foundation Inc is a registered charity in United States, based in Somonauk, IL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Somonauk Education Foundation Inc reported income of $55k and spending of $37k, leaving 31% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $62k to $55k (-12%), an average of -12% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Somonauk Education Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include Bill Goodling Teacher Scholarship Fund ($55k), Staples Players Boosters Inc ($55k) and Bearden Middle School Foundation Inc ($55k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 21% of the total. At year end it held assets of $271k against liabilities of $0, net assets of $271k.