Bloom Bc
EIN: 823082849 · Sherwood, MI · NTEE: D20
| Metric | Value |
|---|---|
| Total Revenue | $236K |
| Total Expenses | $158K |
| Net Assets | $7K |
Is Bloom Bc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bloom Bc
Bloom Bc (EIN: 823082849) is a nonprofit organization based in Sherwood, MI, classified under NTEE code D20. The organization reported total revenue of $236K and total assets of $50K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bloom Bc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bloom Bc is a small nonprofit that has been operating for 9 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 37.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $149K |
| Total Expenses | $158K |
| Surplus / Deficit | $-9,044 |
| Total Assets | $42K |
| Total Liabilities | $35K |
| Net Assets | $7K |
| Operating Margin | -6.1% |
| Debt-to-Asset Ratio | 83.4% |
| Months of Reserves | 3.2 months |
Financial Health Grade: C
In 2023, Bloom Bc reported a deficit of $9K with expenses exceeding revenue, holds 3.2 months of operating reserves (adequate), has a debt-to-asset ratio of 83.4% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Bloom Bc's revenue has grown at a compound annual growth rate (CAGR) of 37.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.3% | +85.1% | +139.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1400 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bloom Bc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bloom Bc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 83.4%.
Frequently Asked Questions about Bloom Bc
Is Bloom Bc a legitimate charity?
Bloom Bc (EIN: 823082849) is a registered tax-exempt nonprofit based in Michigan. It has 2 years of IRS 990 filings on record. Total revenue: $236K. No red flags identified. Financial health grade: C.
How does Bloom Bc spend its money?
Bloom Bc reported $236K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Bloom Bc tax-deductible?
Bloom Bc is registered as a tax-exempt nonprofit (EIN: 823082849). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bloom Bc located?
Bloom Bc is headquartered in Sherwood, Michigan and files with the IRS under EIN 823082849. It is classified under NTEE code D20.
How many years of IRS 990 filings does Bloom Bc have?
Bloom Bc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $236K in total revenue.
Filing History
IRS 990 filing history for Bloom Bc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Bloom Bc's revenue has grown by 37.3%, moving from $108K to $149K. Total assets increased by 139.1% over the same period, from $18K to $42K. Total functional expenses rose by 85.1%, from $85K to $158K. In its most recent filing year (2023), Bloom Bc reported a deficit of $9K, with expenses exceeding revenue. The organization holds $35K in liabilities against $42K in assets (debt-to-asset ratio: 83.4%), resulting in net assets of $7K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $149K | $158K | $42K | $35K | — | View 990 |
| 2022 | $108K | $85K | $18K | $2K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bloom Bc:
Data Sources and Methodology
This transparency report for Bloom Bc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.