We Bloom Inc

Analysis

We Bloom Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, We Bloom Inc reported income of $4.2m and spending of $3.9m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $4.2m (+1697%), an average of +106% a year. The sharpest change came in the year to December 2022, when income rose by 445%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, We Bloom Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include Fame Emergency Medical Services Inc ($4.2m), Magnet HCCN ($4.2m) and Saint Marys Amicare Home Healthcare ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $86k (2.2% of expenses). Other salaries and wages came to $828k. At year end it held assets of $3.0m against liabilities of $346k, net assets of $2.7m. It reported 32 employees.