Bloomington Health Foundatoin Inc

Analysis

Bloomington Health Foundatoin Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in February 1988, 38 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Bloomington Health Foundatoin Inc reported income of $938k and spending of $1.2m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.5m to $938k (-83%), an average of -36% a year. The sharpest change came in the year to December 2021, when income dropped by 60%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bloomington Health Foundatoin Inc 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 78th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include St Sebastian Parish Foundation ($937k), American Airlines Family Fund Inc ($938k) and Souris Valley United Way ($937k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $171k (14% of expenses). Other salaries and wages came to $123k. At year end it held assets of $27.8m against liabilities of $1.6m, net assets of $26.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.