Margaret Bloom Trust

Analysis

Margaret Bloom Trust is a registered charity in United States, based in Champaign, IL. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Margaret Bloom Trust reported income of $1.2m and spending of $666k, leaving 44% of income unspent that year. Across the 5 years on record, from January 2020 to January 2024, income grew from $264k to $1.2m (+353%), an average of +46% a year. The sharpest change came in the year to January 2024, when income rose by 214%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Margaret Bloom Trust sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Everyday Blooms Montessori Incorporated ($1.2m), TVS the Village School ($1.2m) and Massachusetts Elks Scholarship Inc ($1.2m).

Compensation of current officers, directors and key employees was $109k (16% of expenses). At year end it held assets of $9.2m against liabilities of $0, net assets of $9.2m.