Bloom Community Services

Analysis

Bloom Community Services is a registered charity in United States, based in Xenia, OH. It received its IRS tax-exemption ruling in October 1973, 53 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 December 2023, Bloom Community Services reported income of $3.6m and spending of $2.7m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.9m to $3.6m (-26%), an average of -7.1% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bloom Community Services sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include George Snow Scholarship Fund Inc ($3.6m), Tipton County Foundation Inc ($3.6m) and Casa de Esperanza de Los Ninos Incorporated ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $106k (3.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $12.6m against liabilities of $75k, net assets of $12.5m. It reported 50 employees.