Human Services
(P280)
IRS Verified
DX Registered
990 on File
ILLINOIS VALLEY ECONOMIC DEVELOPMENT CORPORATION
Financial strength (30%)
91/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
Register and add impact metrics to be rated above three stars
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 2025
$13.5M
Total Revenue
$11.9M
Total Expenses
$11.4M
Net Assets
277
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
88.8%
Fundraising Efficiency
N/A
Operating Reserve
11.51x
Liability-to-Asset
12.8%
Revenue Diversification
78.7%
Executive Compensation
$353K
Compared with Peers
FY 2025
Compared with 1,112 similar organizations
(United States, Human Services, $10M–$100M in expenses), FY 2025.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
88.8% | 87.2% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
11.2% | 11.3% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.4% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
11.5 mo | 7.5 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
12.8% | 26.6% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
78.7% | 91.4% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
4.3% | 6.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-3.4% | 5.3% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
11.6% | 2.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $13.5M | $11.9M | $11.4M | 88.8% | 277 |
| 2024 | $12.9M | $12.3M | $9.9M | 90.3% | 303 |
| 2023 | $14.5M | $13.8M | $9.3M | 90.6% | 320 |
| 2022 | $12.9M | $12.7M | $8.6M | 91.4% | 313 |
| 2021 | $12.4M | $11.4M | N/A | — | 317 |
Donor Reviews
Write a ReviewNo reviews yet
Be the first to share your experience with this organization.