Joliet Junior College Foundation

Analysis

Joliet Junior College Foundation is a registered charity in United States, based in Joliet, IL. It received its IRS tax-exemption ruling in December 1976, 50 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Joliet Junior College Foundation reported income of $3.6m and spending of $1.7m, leaving 52% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $27.8m to $3.6m (-87%), an average of -34% a year. The sharpest change came in the year to June 2021, when income rose by 91%. Over the whole period it spent 23% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Joliet Junior College Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Alcoholism Center for Women Inc ($3.6m), Delaware HIV Services Inc ($3.6m) and Waltham Boys and Girls Club Inc ($3.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% of the total. At year end it held assets of $37.5m against liabilities of $0, net assets of $37.5m.