Bloomington Urban Enterprise Association Inc

Analysis

Bloomington Urban Enterprise Association Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in September 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bloomington Urban Enterprise Association Inc reported income of $396k and spending of $273k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $693k to $396k (-43%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bloomington Urban Enterprise Association Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IN. Charities of a similar size with the same main cause include Historical Society of Harford County Inc ($396k), Better Business Bureau of Western Michigan Educational Foundation ($396k) and Marion Library Association ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 1.1% of the total. At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m.