Lotus Bloom

Analysis

Lotus Bloom is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in February 2009, 17 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 June 2023, Lotus Bloom reported income of $5.2m and spending of $1.6m, leaving 70% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $5.2m (+254%), an average of +37% a year. The sharpest change came in the year to June 2023, when income rose by 66%. Over the whole period it spent 59% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lotus Bloom sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Salesian Boys Club Inc ($5.2m), Boys & Girls Clubs of Southwest Washington ($5.2m) and Kids Upstate ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $173k (11% of expenses). Other salaries and wages came to $595k. It paid $18k in professional fundraising fees. At year end it held assets of $7.6m against liabilities of $497k, net assets of $7.1m. It reported 22 employees.