Community Foundation of Bloomington and Monroe County Inc

Analysis

Community Foundation of Bloomington and Monroe County Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in April 1991, 35 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 June 2023, Community Foundation of Bloomington and Monroe County Inc reported income of $14.8m and spending of $12.8m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $14.8m (+289%), an average of +40% a year. The sharpest change came in the year to June 2023, when income rose by 120%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Bloomington and Monroe County Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include It Is Written Inc ($14.7m), United Way of the Columbia- Willamette ($14.8m) and Sun Angel Foundation Inc ($14.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $181k (1.4% of expenses). Other salaries and wages came to $592k. At year end it held assets of $47.5m against liabilities of $5.8m, net assets of $41.6m. It reported 15 employees.