Rockford Area Convention & Visitors Bureau Charitable Foundation

Analysis

Rockford Area Convention & Visitors Bureau Charitable Foundation is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rockford Area Convention & Visitors Bureau Charitable Foundation reported income of $719k and spending of $692k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $380k to $719k (+90%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 166%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rockford Area Convention & Visitors Bureau Charitable Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Pico Union Project Inc ($719k), Joffa ($720k) and Upper Cumberland Entrepreneurial Foundation ($719k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.1% and program service revenue 92% of the total. At year end it held assets of $757k against liabilities of $339k, net assets of $419k.