Illinois Engineering Initiative

Analysis

Illinois Engineering Initiative is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in April 1976, 50 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 December 2023, Illinois Engineering Initiative reported income of $124k and spending of $127k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $116k to $124k (+7.2%), an average of +7.2% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Illinois Engineering Initiative sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within IL. Charities of a similar size with the same main cause include Orvieto Musica Inc ($124k), California Narcotic Officers Association Survivors Memorial FND ($124k) and American Water Works Association ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $394k against liabilities of $0, net assets of $394k.