Quick charity verification for Bloom For Women Inc (EIN: 201221107)
Verdict: Bloom For Women Inc appears trustworthy
90/100Mission Score
$1.1MRevenue
$1.4MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Strong revenue growth, increasing from $337,830 in 2019 to $1,320,960 in 2023.
Consistent asset growth, reaching $1,438,124 in 2023.
0% officer compensation reported across all filings, indicating high transparency and dedication of funds to mission.
Positive net income in most recent filing (202312: Revenue $1,320,960 vs. Expenses $1,050,221).
Spending Breakdown
How Bloom For Women Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Bloom For Women Inc
Is Bloom For Women Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bloom For Women Inc (EIN: 201221107) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Bloom For Women Inc a good charity to donate to?
Bloom For Women Inc has a Mission Score of 90/100. Revenue: $1.1M. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bloom For Women Inc?
The Employer Identification Number (EIN) for Bloom For Women Inc is 201221107. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Bloom For Women Inc spend its money?
Bloom For Women Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bloom For Women Inc's tax-exempt status?
You can verify Bloom For Women Inc's tax-exempt status using EIN 201221107 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Bloom For Women Inc. demonstrates a positive trend in financial growth and appears to maintain a healthy financial position. Over the past five years, the organization has significantly increased its revenue from $337,830 in 2019 to $1,320,960 in 2023, indicating strong fundraising or program expansion. Their assets have also grown substantially, from $377,062 in 2019 to $1,438,124 in 2023, suggesting good asset management and financial stability. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. While specific program spending ratios are not provided in the raw data, the consistent growth in revenue and assets, coupled with no reported officer compensation, suggests a well-managed and transparent operation. Further analysis of their functional expenses would be needed to fully assess spending efficiency, but the overall financial trajectory is positive.