Bloom India Development Foundation Inc

Analysis

Bloom India Development Foundation Inc is a registered charity in United States, based in Winchester, MA. It received its IRS tax-exemption ruling in March 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 2023, Bloom India Development Foundation Inc reported income of $680k and spending of $455k, leaving 33% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $817k to $680k (-17%), an average of -5.9% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bloom India Development Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Angels Foster Care of Santa Barbara ($680k), Hope of Winston Salem Inc ($680k) and Bristol Family Center ($680k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $76k. At year end it held assets of $685k against liabilities of $0, net assets of $685k.