Bloom Fitness Corporation

Analysis

Bloom Fitness Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Fitness Corporation reported income of $278k and spending of $324k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $301k to $278k (-7.4%), an average of -7.4% a year. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bloom Fitness Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Wilton Youth Football Inc ($278k), Scottsdale Miss Softball ($279k) and Illinois American Saddlebred Pleasure Horse Association ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.3% of the total. Other salaries and wages came to $117k. At year end it held assets of $121k against liabilities of $7,424, net assets of $114k. It reported 4 employees.