Bloomington Project School Inc

Analysis

Bloomington Project School Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bloomington Project School Inc reported income of $3.6m and spending of $3.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.6m (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bloomington Project School Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Western Mandarin Immersion Charter School ($3.6m), Marion & Polk Early Learning Hub Inc ($3.6m) and State University College at Brockport Foundation Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $188k (5.4% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.8m against liabilities of $1.8m, net assets of $1.1m. It reported 72 employees.