Human Services
(P280)
IRS Verified
DX Registered
ILLINOIS VALLEY ECONOMIC DEVELOPMENT CORPORATION
CharityAI™ Score
Not yet evaluated
Mission Statement
Illinois Valley Economic Development Corporation is organized as a charitable and educational organization that exists to serve the community, through programs to assist low-income, disabled, elderly, and individuals and families in need. IVEDC acts to receive, plan, coordinate, and administer Federal, State, Local and private resources towards education, employment and training, housing, energy, food and nutrition, developmental training, transportation, resource coordination, and other such related needs. IVEDC shall be a catalyst and advocate for the interest of its clients in order to improve lives and enrich communities.
Financial Overview — FY 2023
$14.5M
Total Revenue
$13.8M
Total Expenses
$9.3M
Net Assets
320
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
90.6%
Fundraising Efficiency
0.0%
Operating Reserve
8.05x
Liability-to-Asset
14.7%
Revenue Diversification
80.2%
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $14.5M | $13.8M | $9.3M | 90.6% | 320 |
| 2022 | $12.9M | $12.7M | N/A | — | 313 |
| 2021 | $12.4M | $11.4M | N/A | — | 317 |
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