Southwestern Illinois College Foundation

Analysis

Southwestern Illinois College Foundation is a registered charity in United States, based in Belleville, IL. It received its IRS tax-exemption ruling in November 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southwestern Illinois College Foundation reported income of $5.5m and spending of $895k, leaving 84% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $696k to $5.5m (+695%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 1053%. Over the whole period it spent 27% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southwestern Illinois 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 93rd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Regents School of Oxford Inc ($5.5m), Horizon Christian Academy Inc ($5.5m) and Dayspring Christian Academy ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $16.4m against liabilities of $202k, net assets of $16.2m.