Greater Bloomington Chamber of Commerce Foundation

Analysis

Greater Bloomington Chamber of Commerce Foundation is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Greater Bloomington Chamber of Commerce Foundation reported income of $104k and spending of $97k, spending 93% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $79k to $104k (+32%), an average of +7.1% a year. The sharpest change came in the year to August 2020, when income rose by 22%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greater Bloomington Chamber of Commerce Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within IN. Charities of a similar size with the same main cause include USA Stars Foundation Trust ($104k), Paulding County High School Cheer Club ($104k) and Radnor Band & Color Guard Assoc ($104k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 73% and program service revenue 16% of the total. Other salaries and wages came to $61k. At year end it held assets of $134k against liabilities of $12k, net assets of $123k.