Illinois Valley Community College Foundation

Analysis

Illinois Valley Community College Foundation is a registered charity in United States, based in Oglesby, IL. It received its IRS tax-exemption ruling in May 1976, 50 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 June 2024, Illinois Valley Community College Foundation reported income of $1.2m and spending of $977k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $941k to $1.2m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2024, when income rose by 81%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Illinois Valley Community College Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Clinical Initiatives Inc ($1.2m), Centre for Comprehensive Motivational Interventions Society ($1.2m) and Jefferson County Library Cooperative Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% of the total. Compensation of current officers, directors and key employees was $59k (6.1% of expenses). Other salaries and wages came to $134k. At year end it held assets of $8.5m against liabilities of $26k, net assets of $8.5m.