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Illinois · Nonprofit

ILLINOIS COLLEGE

ILLINOIS COLLEGE (Illinois) receives grants from 88 organizations whose IRS filings report $8,676,282 to it, the largest being MEMORIAL HEALTH SYSTEM GROUP ($3,516,251). 49 of them have funded it in more than one year.

Revenue FY2025
$56M
Funders on record
88
Grants received
$8.7M
Net assets
$165M
49/88 repeat funderspeak grant-dependency 1%
01What it does

What Illinois College does

Mission

Illinois College is a co-educational institution of higher education learning providing a four-year educational program leading to the baccalaureate degree. Illinois College is a community committed to the highest standards of scholarship and integrity in the liberal arts.

As stated on its FY2025 Form 990.

Program

  1. Provision of post-secondary education to approximately 1,000 students.

    $58,828,051 spentof which $19,963,296 as grants$39,960,845 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $58,828,051.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($44M) Expenses 100 ($51M) Net assets 100 ($181M)2018 Revenue 103 ($45M) Expenses 102 ($52M) Net assets 98 ($179M)2019 Revenue 117 ($52M) Expenses 107 ($54M) Net assets 94 ($170M)2020 Revenue 121 ($53M) Expenses 113 ($57M) Net assets 90 ($164M)2021 Revenue 141 ($62M) Expenses 116 ($59M) Net assets 106 ($193M)2022 Revenue 147 ($65M) Expenses 121 ($61M) Net assets 101 ($183M)2023 Revenue 117 ($51M) Expenses 119 ($60M) Net assets 96 ($174M)2024 Revenue 134 ($59M) Expenses 128 ($65M) Net assets 95 ($172M)2025 Revenue 128 ($56M) Expenses 129 ($65M) Net assets 91 ($165M)
'17'18'19'20'21'22'23'24'25
Revenue (128)Expenses (129)Net assets (91)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $192M to $220M (+15%).

$208M
$207M
$199M
$192M
$220M
$210M
$220M
$216M
$206M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 1% · 2018 1% · 2019 1% · 2020 4% · 2021 5% · 2022 8% · 2023 4% · 2024 4% · 2025 7%. Grants only. Government contracts and fees sit inside program revenue.

13% of ILLINOIS COLLEGE’s revenue is contributions — about as donation-reliant as the typical peer (23% for the typical peer).

This organization
Typical peer · 4,254 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 7 of the last 9 reported years ran a deficit.

−$6.7M
’17
−$6.7M
’18
−$2.5M
’19
−$4.2M
’20
$3.6M
’21
$3.8M
’22
−$8.7M
’23
−$5.7M
’24
−$9.0M
’25
1.9
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Steven R Mills

Board member & chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed363337323432363633
Joined·+3+7+3+3+3+5+2+0
No longer listed·63815123
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 21 funders to 32 funders, grant income fell $572k → $529k.

18 of 88 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 16% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of ILLINOIS COLLEGE’s funders (the co-funder graph). Top 30 of 88 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

ILLINOIS COLLEGE leans on a few funders — its largest provides 41% of grant income and the top three 55%; half comes from just 3 funders.

the vertical line marks half of all grant income — 3 funders to its left

61% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ILLINOIS COLLEGE.

41%
largest funder
55%
top three
~5
effective funders

Largest funder’s share by year: 2017 38% · 2018 37% · 2019 28% · 2020 23% · 2021 16% · 2022 15% · 2023 18% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

33% of ILLINOIS COLLEGE's funders are still giving 3 years after their first grant; 56% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

72% of ILLINOIS COLLEGE's grant income comes from Illinois funders.

MN
IL
WI
NY
IN
OH
PA
NJ
CT
MO
TN
NC
DC
AL
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Illinois out of state home

Funder states come from each funder’s own filing. $1.4M arriving through sponsors registered in 15 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

ILLINOIS COLLEGE's revenue grew 28% between 2017 and 2025.

Operating margin−16% · bottom quartile
Months of reserve1.9mo · below the median
Revenue growth (annualized)3% · bottom quartile

this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025

Government funding ILLINOIS COLLEGE receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $14.7M on record.

Federal$14.7M
grants $14.7Mcontracts $0
17
18
19
20
21
22
23
24
25
26
Top agencies
  • Department of Education$11.8M
  • Department of Health and Human Services$1.2M
  • National Science Foundation$1.0M
  • Department of Justice$300k
  • Department of Commerce$238k
  • National Endowment for the Humanities$149k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like ILLINOIS COLLEGE

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Illinois

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

90% of spending goes to programs.

Program 90%Management 7%Fundraising 3%

Governance

24
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Screen this organization

A dated, signed PDF of the compliance screen for ILLINOIS COLLEGE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds ILLINOIS COLLEGE?
ILLINOIS COLLEGE (Illinois) receives grants from 88 organizations whose IRS filings report $8,676,282 to it, the largest being MEMORIAL HEALTH SYSTEM GROUP ($3,516,251). 49 of them have funded it in more than one year.
How many funders does ILLINOIS COLLEGE have?
IRS filings report 88 organizations giving $8,676,282 in grants to ILLINOIS COLLEGE, 49 of which have funded it in more than one year.
Who is the largest funder of ILLINOIS COLLEGE?
MEMORIAL HEALTH SYSTEM GROUP is the largest funder on record, with $3,516,251 in grants. The full list of funders is on this page.
How can an organization like ILLINOIS COLLEGE find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Illinois College →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 88 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing