Bloomington Public Library Foundation

Analysis

Bloomington Public Library Foundation is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 April 2024, Bloomington Public Library Foundation reported income of $145k and spending of $322k, spending 222% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income grew from $94k to $145k (+54%), an average of +11% a year. The sharpest change came in the year to April 2021, when income rose by 639%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bloomington Public Library Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within IL. Charities of a similar size with the same main cause include Friends of Energy Institute Inc ($145k), Manistee Catholic Central Schools Foundation ($145k) and Aurora East Educational Foundation ($145k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 55% of the total. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m.