Bloom Foundation

Analysis

Bloom Foundation is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Foundation reported income of $53k and spending of $56k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $96k to $53k (-45%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bloom Foundation sits at the 17th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include The Assoc of Prog Direct in Endoc Diabetes and Metabolism Inc ($53k), Conway Hospital Auxiliary ($53k) and Rachel Pregnancy Center ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.