Bloomington Community Foundation

Analysis

Bloomington Community Foundation is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in November 1994, 32 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 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 June 2024, Bloomington Community Foundation reported income of $902k and spending of $67k, leaving 93% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $83k to $902k (+989%), an average of +82% a year. The sharpest change came in the year to June 2024, when income rose by 2984%. Over the whole period it spent 20% 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 Community Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include City in the Community Foundation ($899k), The United Way of Greater Niagara Inc ($902k) and Jewish Federation of the Sacramento Region ($898k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.