Bloomer Area Veterans Center

Analysis

Bloomer Area Veterans Center is a registered charity in United States, based in Bloomer, WI. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Bloomer Area Veterans Center reported income of $114k and spending of $20k, leaving 83% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $246k to $114k (-54%), an average of -54% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 5.5% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bloomer Area Veterans Center sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within WI. Charities of a similar size with the same main cause include So Az Transportation Museum Inc ($114k), North American Folk Music and Dance Alliance Inc ($114k) and Pendleton King Park Foundation Inc ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $380k against liabilities of $0, net assets of $380k.