I Car Education Foundation is a 501(c)(3) organization based in Hoffman Est, Illinois, registered in 1991, with $20,210,264 in FY2023 revenue. CharityIndex grades it B.
Revenue (FY2023)
$20.2M
▲ 70.4% vs prior year
Community median: $184K
Expenses (FY2023)
$21.2M
Net assets
$5.2M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for I Car Education Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For I Car Education Foundation: 3 mo reserves · -5% margin earns a B on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for I Car Education Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For I Car Education Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $11.7M (FY2017) to $20.2M (FY2023) across 7 reported years.
Financial snapshot
Operating margin
-5.0%
Spent more than it raised in the latest fiscal year.
Total assets
$6.1M
Total liabilities
$892K
Net assets
$5.2M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $20,210,264▲70.4% | $21,218,022▲109% | $5,206,756▼16.3% | $6,098,366▼5.2% | 990 |
| 2022 | $11,863,252▲13.3% | $10,167,396▲6.7% | $6,218,513▲36.1% | $6,430,479▲31.1% | 990 |
| 2021 | $10,474,233▼24.2% | $9,533,036▼29.5% | $4,570,308▲33.9% | $4,904,924▲34.2% | 990 |
| 2020 | $13,811,244▼4.8% | $13,527,319▼7.2% | $3,414,319▲14.0% | $3,655,215▲9.8% | 990 |
| 2019 | $14,503,210▲3.7% | $14,569,548▲6.7% | $2,993,893▲2.0% | $3,328,567▲2.8% | 990 |
| 2018 | $13,989,899▲19.6% | $13,654,504▲18.1% | $2,935,211▲7.3% | $3,237,815▲10.0% | 990 |
| 2017 | $11,693,874 | $11,564,561 | $2,734,953 | $2,943,027 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
24 grants to I Car Education Foundation totaling $3.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Data for I Car Education Foundation (EIN 36-3768028) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.