Bloomagainbklyn

Analysis

Bloomagainbklyn is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bloomagainbklyn reported income of $366k and spending of $243k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $207k to $366k (+77%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bloomagainbklyn sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Raw Ruth Anointed World Ministries ($366k), Femergy ($366k) and Door of Hope Redeeming Lives Restoring Families ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 24% of the total. At year end it held assets of $291k against liabilities of $14k, net assets of $276k.