Bloom Project

Analysis

Bloom Project is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Project reported income of $269k and spending of $394k, spending 146% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $287k to $269k (-6.0%), an average of -2.1% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 64% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Bloom Project sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within IN. Charities of a similar size with the same main cause include 7g Foundation ($269k), Chesapeake 4-H Livestock Inc ($269k) and Real Talk Youth Impact Program Inc ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Other salaries and wages came to $60k. At year end it held assets of $418k against liabilities of $0, net assets of $418k. It reported 1 employees.