Community Foundation of Will County

Analysis

Community Foundation of Will County is a registered charity in United States, based in Frankfort, IL. It received its IRS tax-exemption ruling in September 2006, 20 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Community Foundation of Will County reported income of $853k and spending of $759k, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $945k to $853k (-9.7%), an average of -2.5% a year. The sharpest change came in the year to September 2021, when income rose by 178%. Over the whole period it spent 42% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Foundation of Will County sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Impact Educational and Housing Development ($852k), Zuni Entrepreneurial Enterprises Inc ($853k) and Actuate Boise Inc ($851k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 64% and program service revenue 10% of the total. At year end it held assets of $8.5m against liabilities of $349k, net assets of $8.2m.