Bloom Charity NFP

Analysis

Bloom Charity NFP is a registered charity in United States, based in N Chesterfld, VA. It received its IRS tax-exemption ruling in November 2017, 9 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 (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 Charity NFP reported income of $158k and spending of $99k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $158k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 73% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Bloom Charity NFP sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within VA. Charities of a similar size with the same main cause include Child Evangelism Ministries of Elkhart and Lagrange Counties Inc ($158k), Tilghman Area Youth Association ($158k) and Frontline Christian Ministry Inc ($158k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $177k against liabilities of $0, net assets of $177k.