Illinois Reading Council Inc
EIN: 237026824 · Normal, IL · NTEE: B03
| Metric | Value |
|---|---|
| Total Revenue | $471K |
| Total Expenses | $343K |
| Net Assets | $362K |
Is Illinois Reading Council Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Illinois Reading Council Inc
Illinois Reading Council Inc (EIN: 237026824) is a nonprofit organization based in Normal, IL, classified under NTEE code B03. The organization reported total revenue of $471K and total assets of $574K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Illinois Reading Council Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Illinois Reading Council Inc is a small nonprofit that has been operating for 7 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $444K |
| Total Expenses | $343K |
| Surplus / Deficit | +$101K |
| Total Assets | $365K |
| Total Liabilities | $2K |
| Net Assets | $362K |
| Operating Margin | 22.9% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 12.8 months |
Financial Health Grade: A
In 2023, Illinois Reading Council Inc reported a surplus of $101K with revenue exceeding expenses, holds 12.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Illinois Reading Council Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +92.7% | -9.0% | +38.4% |
| 2022 | +6.3% | +63.7% | -35.8% |
| 2021 | -61.0% | -63.6% | -28.6% |
| 2018 | -16.6% | -4.7% | -11.8% |
| 2017 | -0.2% | +2.7% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Illinois Reading Council Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Illinois Reading Council Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $101K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about Illinois Reading Council Inc
Is Illinois Reading Council Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Illinois Reading Council Inc (EIN: 237026824) insufficient data. 0 red flags identified, 0 strengths noted.
How does Illinois Reading Council Inc spend its money?
Detailed spending breakdown data is not yet available for Illinois Reading Council Inc. Check back for updated IRS 990 analysis.
Are donations to Illinois Reading Council Inc tax-deductible?
Illinois Reading Council Inc is registered as a tax-exempt nonprofit (EIN: 237026824). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Illinois Reading Council Inc located?
Illinois Reading Council Inc is headquartered in Normal, Illinois and files with the IRS under EIN 237026824. It is classified under NTEE code B03.
How many years of IRS 990 filings does Illinois Reading Council Inc have?
Illinois Reading Council Inc has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $471K in total revenue.
Filing History
IRS 990 filing history for Illinois Reading Council Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Illinois Reading Council Inc's revenue has declined by 34.1%, moving from $674K to $444K. Total assets decreased by 20.7% over the same period, from $460K to $365K. Total functional expenses fell by 54.9%, from $760K to $343K. In its most recent filing year (2023), Illinois Reading Council Inc reported a surplus of $101K, with revenue exceeding expenses. The organization holds $2K in liabilities against $365K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $362K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $444K | $343K | $365K | $2K | — | View 990 |
| 2022 | $230K | $377K | $263K | $3K | — | View 990 |
| 2021 | $217K | $230K | $410K | $3K | — | View 990 |
| 2018 | $556K | $632K | $574K | $2K | — | View 990 |
| 2017 | $666K | $663K | $651K | $2K | — | View 990 |
| 2016 | $667K | $646K | $648K | $2K | — | View 990 |
| 2015 | $717K | $698K | $626K | $3K | — | View 990 |
| 2014 | $891K | $620K | $606K | $3K | — | View 990 |
| 2013 | $681K | $734K | $335K | $2K | — | View 990 |
| 2012 | $652K | $724K | $388K | $2K | — | View 990 |
| 2011 | $674K | $760K | $460K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $444K, expenses of $343K, and assets of $365K (revenue +92.7% year-over-year).
- 2022: Revenue of $230K, expenses of $377K, and assets of $263K (revenue +6.3% year-over-year).
- 2021: Revenue of $217K, expenses of $230K, and assets of $410K (revenue -61.0% year-over-year).
- 2018: Revenue of $556K, expenses of $632K, and assets of $574K (revenue -16.6% year-over-year).
- 2017: Revenue of $666K, expenses of $663K, and assets of $651K (revenue -0.2% year-over-year).
- 2016: Revenue of $667K, expenses of $646K, and assets of $648K (revenue -6.9% year-over-year).
- 2015: Revenue of $717K, expenses of $698K, and assets of $626K (revenue -19.5% year-over-year).
- 2014: Revenue of $891K, expenses of $620K, and assets of $606K (revenue +30.9% year-over-year).
- 2013: Revenue of $681K, expenses of $734K, and assets of $335K (revenue +4.4% year-over-year).
- 2012: Revenue of $652K, expenses of $724K, and assets of $388K (revenue -3.2% year-over-year).
- 2011: Revenue of $674K, expenses of $760K, and assets of $460K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Illinois Reading Council Inc:
Data Sources and Methodology
This transparency report for Illinois Reading Council Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.