Bloom Enterprises of Georgia Inc

Analysis

Bloom Enterprises of Georgia Inc is a registered charity in United States, based in Gainesville, GA. It received its IRS tax-exemption ruling in January 2013, 13 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 2020, Bloom Enterprises of Georgia Inc reported income of $152k and spending of $99k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income fell from $538k to $152k (-72%), an average of -72% a year. The sharpest change came in the year to December 2020, when income dropped by 72%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bloom Enterprises of Georgia Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within GA. Charities of a similar size with the same main cause include Tomeich Yisroel Inc ($152k), Hope Ministries Inc ($152k) and Howard County Veterans Foundation Inc ($152k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 49% and program service revenue 48% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.