222 Foundation

Analysis

222 Foundation is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, 222 Foundation reported income of $489k and spending of $772k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $489k (-52%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 64%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 222 Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include A-Kids Choice Educational Services Foundation Inc ($489k), Accreditation Council of Genetic Counseling Inc ($489k) and Sparks of Daas Inc ($489k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $110k (14% of expenses). Other salaries and wages came to $240k. At year end it held assets of $352k against liabilities of $2,053, net assets of $350k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.