Boom Health

Analysis

Boom Health is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in October 1994, 32 years ago. 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 2023, Boom Health reported income of $7.5m and spending of $8.7m, spending 117% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income fell from $13.5m to $7.5m (-45%), an average of -11% a year. The sharpest change came in the year to June 2019, when income dropped by 35%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boom Health sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($7.4m), Homestead Schools Inc ($7.5m) and Kansas City Christian School Association ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Other salaries and wages came to $4.3m. At year end it held assets of $10.9m against liabilities of $14.9m, net assets of -$4.1m. It reported 139 employees.