Bloomington-Normal YMCA Charitable Foundation NFP

Analysis

Bloomington-Normal YMCA Charitable Foundation NFP is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in August 2002, 24 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bloomington-Normal YMCA Charitable Foundation NFP reported income of $578k and spending of $1.8m, spending 313% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $578k (-54%), an average of -18% a year. The sharpest change came in the year to December 2020, when income rose by 153%. Over the whole period it spent 155% 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-Normal YMCA Charitable Foundation NFP sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include TSC Alliance Endowment Fund Inc ($578k), St Johns Episcopal Holdings Corp ($579k) and Wine and Food Foundation of Texas ($577k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $7.0m against liabilities of $5.5m, net assets of $1.5m.

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.