Bloom Community School Inc

Analysis

Bloom Community School Inc is a registered charity in United States, based in Normal, IL. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Bloom Community School Inc reported income of $281k and spending of $324k, spending 116% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $175k to $281k (+60%), an average of +9.9% a year. The sharpest change came in the year to June 2020, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bloom Community School Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include Faith Family Education Foundation ($281k), Santa Fe Texas Education Foundation ($281k) and Career Development and Placement Strategies Inc ($281k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $112k (34% of expenses). Other salaries and wages came to $43k. At year end it held assets of $37k against liabilities of $1,761, net assets of $35k. It reported 7 employees.