Bloomington Day Care Corporation

Analysis

Bloomington Day Care Corporation is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Bloomington Day Care Corporation reported income of $1.5m and spending of $1.8m, spending 120% of what it took in. Across the 6 years on record, from January 2019 to January 2024, income grew from $1.1m to $1.5m (+32%), an average of +5.8% a year. The sharpest change came in the year to January 2024, when income dropped by 22%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bloomington Day Care Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Strafford Nutrition & Meals on ($1.5m), Sports Foundation Inc ($1.5m) and Yell County Special Services Center Inc ($1.5m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $87k (4.9% of expenses). Other salaries and wages came to $995k. At year end it held assets of -$86k against liabilities of $97k, net assets of -$183k. It reported 45 employees.