Bloomfield-Garfield Corp

Analysis

Bloomfield-Garfield Corp is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 1976, 50 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bloomfield-Garfield Corp reported income of $2.2m and spending of $1.9m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.2m (+72%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bloomfield-Garfield Corp sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Palm Beach Civic Association Inc ($2.2m), Human Services Coalition of Tompkins County Inc ($2.2m) and Walhalla Civic Auditorium Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $62k (3.3% of expenses). Other salaries and wages came to $722k. It paid $5,750 in professional fundraising fees. At year end it held assets of $4.3m against liabilities of $2.8m, net assets of $1.5m. It reported 162 employees.