Bloomkidz Inc

Analysis

Bloomkidz Inc is a registered charity in United States, based in Chandler, AZ. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Bloomkidz Inc reported income of $3.3m and spending of $3.4m, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.1m to $3.3m (+195%), an average of +195% a year. The sharpest change came in the year to December 2023, when income rose by 195%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bloomkidz Inc 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 90th percentile, and in the 87th percentile within AZ. Charities of a similar size with the same main cause include David & Ivory Ministries ($3.3m), Association of Academic Physiatrists ($3.3m) and Creative Pathways Residential Supports Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $418k (12% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $516k against liabilities of $613k, net assets of -$96k. It reported 83 employees.