Illinois Fairgrounds Foundation

Analysis

Illinois Fairgrounds Foundation is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Fairgrounds Foundation reported income of $59k and spending of $448k, spending 765% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $898k to $59k (-93%), an average of -50% a year. The sharpest change came in the year to December 2022, when income rose by 119%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Illinois Fairgrounds Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within IL. Charities of a similar size with the same main cause include Freeport Area Soccer Association ($59k), Cyc Junior Division Inc ($59k) and Njfoa North Jersey Chapter Inc ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $1.1m against liabilities of $853, net assets of $1.1m.