Faith in Action of Bloomington-Normal

Analysis

Faith in Action of Bloomington-Normal is a registered charity in United States, based in Normal, IL. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Faith in Action of Bloomington-Normal reported income of $288k and spending of $206k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $187k to $288k (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith in Action of Bloomington-Normal sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Abpa Foundation Inc ($288k), Tri-County Adult Health Care Inc ($288k) and Family & Friends Adult Day Center Inc ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $52k (25% of expenses). Other salaries and wages came to $92k. At year end it held assets of $473k against liabilities of $3,462, net assets of $470k. It reported 8 employees.