Bloomington Rotary Foundation

Analysis

Bloomington Rotary Foundation is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Bloomington Rotary Foundation reported income of $82k and spending of $74k, spending 90% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $94k to $82k (-13%), an average of -13% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bloomington Rotary Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 28th percentile within MN. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($82k), Home Port Inc ($82k) and Ramona Dynasty Music Booster Association ($82k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% of the total. At year end it held assets of $520k against liabilities of $35k, net assets of $485k.