Bloom365 Inc

Analysis

Bloom365 Inc is a registered charity in United States, based in Peoria, AZ. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Bloom365 Inc reported income of $1000k and spending of $1.0m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $697k to $1000k (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 96% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Bloom365 Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within AZ. Charities of a similar size with the same main cause include Peace Officers Research & Education Foundation ($1000k), The International Academy of Collaborative Professionals ($1000k) and Harlem Mothers Stop Another Violentend Inc ($999k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $83k (8.1% of expenses). Other salaries and wages came to $492k. At year end it held assets of $408k against liabilities of $195k, net assets of $213k. It reported 23 employees.