Electrical & Computer Engineering Foundation

Analysis

Electrical & Computer Engineering Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Electrical & Computer Engineering Foundation reported income of $71k and spending of $51k, leaving 28% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $7,207 to $71k (+884%), an average of +214% a year. The sharpest change came in the year to December 2022, when income rose by 1196%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Electrical & Computer Engineering Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within IL. Charities of a similar size with the same main cause include Act3 Ministry Inc ($71k), Sabrina Audrey Milone Foundation Inc ($71k) and Sid Friedman Charitable Supporting Organization ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. At year end it held assets of $104k against liabilities of $46k, net assets of $58k.