Wonderbloom

Analysis

Wonderbloom is a registered charity in United States, based in Murray, UT. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Wonderbloom reported income of $719k and spending of $494k, leaving 31% of income unspent that year. Across the 3 years on record, from August 2021 to August 2023, income grew from $329k to $719k (+118%), an average of +48% a year. The sharpest change came in the year to August 2023, when income rose by 58%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wonderbloom sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within UT. Charities of a similar size with the same main cause include Hamilton Southeastern Schools Foundation Inc ($718k), The Winning Academy Inc ($719k) and Einstein Montessori Academy Inc ($718k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $48k (9.7% of expenses). Other salaries and wages came to $258k. At year end it held assets of $408k against liabilities of $80k, net assets of $328k. It reported 19 employees.