Bloom Early Learning

Analysis

Bloom Early Learning is a registered charity in United States, based in Plymouth, MN. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bloom Early Learning reported income of $2.6m and spending of $2.5m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.6m (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bloom Early Learning 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 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Care Center-Child Abuse Response and Evaluation Incorporated ($2.6m), Children of the Night ($2.6m) and Advocates for Camp Able ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $95k (3.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.2m against liabilities of $172k, net assets of $1.0m. It reported 57 employees.