Cdfi Friendly Bloomington Inc

Analysis

Cdfi Friendly Bloomington Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Cdfi Friendly Bloomington Inc reported income of $125k and spending of $194k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $125k (-88%), an average of -42% a year. The sharpest change came in the year to December 2021, when income dropped by 76%. Over the whole period it spent 26% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cdfi Friendly Bloomington Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within IN. Charities of a similar size with the same main cause include Cass County Nebraska Economic Development Council ($125k), One Mission ($125k) and Ida Grove Community Foundation Inc ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $93k (48% of expenses). Other salaries and wages came to $20k. At year end it held assets of $2.2m against liabilities of $5,757, net assets of $2.2m. It reported 2 employees.