Bloom Upstate Inc

Analysis

Bloom Upstate Inc is a registered charity in United States, based in Moore, SC. It received its IRS tax-exemption ruling in January 2018, 8 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 (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 Upstate Inc reported income of $60k and spending of $86k, spending 143% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $118k to $60k (-49%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Bloom Upstate Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 30th percentile within SC. Charities of a similar size with the same main cause include Lynnfield Youth Softball Association ($60k), National Charity League Inc DFW Metroport Chapter ($60k) and Kewaskum Indians Wrestling Club ($60k).

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 $48k against liabilities of $0, net assets of $48k.