West Bloomington Revitalization Project Corporation

Analysis

West Bloomington Revitalization Project Corporation is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in April 2011, 15 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, West Bloomington Revitalization Project Corporation reported income of $164k and spending of $125k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $231k to $164k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Bloomington Revitalization Project Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within IL. Charities of a similar size with the same main cause include Opelika Main Street Inc ($164k), Winnsboro Main Street Inc ($164k) and Oak Cliff Veggie Project Inc ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $30k (24% of expenses). Other salaries and wages came to $7,486. At year end it held assets of $374k against liabilities of $59k, net assets of $315k. It reported 4 employees.