Bluum Inc

Analysis

Bluum Inc is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Bluum Inc reported income of $8.6m and spending of $8.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $8.6m (+102%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 118%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bluum Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 97th percentile within ID. Charities of a similar size with the same main cause include College and University Professional Association for Human Resources ($8.6m), Downey Foundation for Educational Opportunities ($8.6m) and Instituto Nueva Escuela ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $5.7m against liabilities of $5.6m, net assets of $59k. It reported 21 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.