Community Development Corporation of the Bloomington-Normal Area

Analysis

Community Development Corporation of the Bloomington-Normal Area is a registered charity in United States, based in Normal, IL. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Development Corporation of the Bloomington-Normal Area reported income of $60k and spending of $60k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $60k (+0.0%), an average of +0.0% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Development Corporation of the Bloomington-Normal Area sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within IL. Charities of a similar size with the same main cause include Darien Corn Fest Inc ($60k), Deaf Kids Code ($60k) and New California Coalition Foundation ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.