Quick charity verification for Boom Health (EIN: 133599121)
Verdict: Boom Health shows mixed signals
45/100Mission Score
$8.0MRevenue
$17.6MAssets
4Red Flags
2Strengths
Red Flags
Persistent operational deficits (e.g., $1.2M deficit in 2023)
Liabilities consistently exceed assets (e.g., $14.9M liabilities vs. $10.8M assets in 2023)
Negative net asset position over multiple years
Unknown NTEE code limits understanding of programmatic focus
Strengths
No reported officer compensation across all filings
Long filing history (13 filings) indicates consistent reporting
Spending Breakdown
How Boom Health allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Boom Health
Is Boom Health a legitimate charity?
Based on AI analysis of IRS 990 filings, Boom Health (EIN: 133599121) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
Is Boom Health a good charity to donate to?
Boom Health has a Mission Score of 45/100. Revenue: $8.0M. Assets: $17.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Boom Health?
The Employer Identification Number (EIN) for Boom Health is 133599121. 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 Boom Health spend its money?
Boom Health allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Boom Health's tax-exempt status?
You can verify Boom Health's tax-exempt status using EIN 133599121 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
Boom Health demonstrates a concerning trend of operating deficits in recent years, with expenses consistently exceeding revenue. For instance, in fiscal year 2023, expenses were $8,697,618 against revenues of $7,452,445, resulting in a deficit of over $1.2 million. This pattern is visible in multiple prior years as well, indicating potential long-term financial instability. The organization's liabilities have also consistently exceeded its assets, reaching $14,908,023 in liabilities against $10,850,976 in assets in 2023, which is a significant red flag for solvency. While the lack of reported officer compensation suggests good stewardship in that area, the overall financial health appears strained due to persistent operational losses and a negative net asset position.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent operational deficits suggest that the organization is not efficiently managing its expenditures relative to its income. The significant increase in assets to $17,572,687 in the latest period, while liabilities remain high, warrants further investigation to understand the source of this asset growth and its impact on the organization's overall financial stability. Transparency regarding the allocation of expenses would greatly enhance the ability to evaluate spending efficiency.
Regarding transparency, the consistent reporting of zero officer compensation across all available filings is a positive indicator. However, the NTEE code being unknown and the lack of detailed expense breakdowns in the provided data limit a comprehensive assessment of programmatic focus and operational transparency. A deeper dive into the full 990 forms would be necessary to fully understand the organization's program service accomplishments and the specific allocation of its expenses.