Bloom Center for Art and Integrated Therapies LLC

Analysis

Bloom Center for Art and Integrated Therapies LLC is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in July 2022, 4 years ago. 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 Center for Art and Integrated Therapies LLC reported income of $476k and spending of $429k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $308k to $476k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bloom Center for Art and Integrated Therapies LLC sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within WI. Charities of a similar size with the same main cause include Second Mile Center ($476k), Red Top Inc ($476k) and Minority Veterans of America ($476k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $89k (21% of expenses). Other salaries and wages came to $201k. At year end it held assets of $106k against liabilities of $9,026, net assets of $97k. It reported 18 employees.