Quick charity verification for Trustees Of Bloomfield Academy (EIN: 10211488)
Verdict: Trustees Of Bloomfield Academy appears trustworthy
92/100Mission Score
$895KRevenue
$2.5MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent financial surpluses, with revenue exceeding expenses in most periods (e.g., 202401: Revenue=$501,328, Expenses=$343,412).
Steady growth in assets, from $1,903,506 in 2015 to $2,431,671 in 2024, indicating strong financial stewardship.
No reported liabilities across all filings, suggesting a very healthy balance sheet.
0% officer compensation reported, implying high efficiency in directing funds towards the mission.
Consistent IRS 990 filing history, demonstrating transparency and compliance.
Spending Breakdown
How Trustees Of Bloomfield Academy allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Trustees Of Bloomfield Academy
Is Trustees Of Bloomfield Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Trustees Of Bloomfield Academy (EIN: 10211488) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Trustees Of Bloomfield Academy a good charity to donate to?
Trustees Of Bloomfield Academy has a Mission Score of 92/100. Revenue: $895K. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Trustees Of Bloomfield Academy?
The Employer Identification Number (EIN) for Trustees Of Bloomfield Academy is 10211488. 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 Trustees Of Bloomfield Academy spend its money?
Trustees Of Bloomfield Academy allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Trustees Of Bloomfield Academy's tax-exempt status?
You can verify Trustees Of Bloomfield Academy's tax-exempt status using EIN 10211488 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
Trustees Of Bloomfield Academy demonstrates consistent financial health with a strong asset base and no reported liabilities across all available filings. The organization consistently operates with a surplus, as seen in the latest period (202401) where revenue of $501,328 significantly exceeded expenses of $343,412. This trend of revenue exceeding expenses, with only a few exceptions in 2017 and 2018, indicates sound financial management and the ability to build reserves. The organization's assets have steadily grown from $1,903,506 in 2015 to $2,431,671 in 2024, further solidifying its financial stability.
Spending efficiency appears high, given the consistent surpluses and the absence of officer compensation, suggesting that resources are primarily directed towards the organization's mission. The lack of reported officer compensation also points to a lean operational structure. While a detailed breakdown of program, administrative, and fundraising expenses is not provided in the summary data, the overall financial picture suggests a focus on maintaining a healthy balance sheet and efficient use of funds. The consistent filing of IRS 990s indicates a commitment to transparency.