Bloom365 Inc
EIN: 262944620 · Peoria, AZ · NTEE: I70
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.0M |
| Net Assets | $213K |
Is Bloom365 Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bloom365 Inc
Bloom365 Inc (EIN: 262944620) is a nonprofit organization based in Peoria, AZ, classified under NTEE code I70. The organization reported total revenue of $1.6M and total assets of $670K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bloom365 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bloom365 Inc is a mid-size nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 23.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1000K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-28,535 |
| Total Assets | $408K |
| Total Liabilities | $195K |
| Net Assets | $213K |
| Operating Margin | -2.9% |
| Debt-to-Asset Ratio | 47.8% |
| Months of Reserves | 4.8 months |
Financial Health Grade: B
In 2023, Bloom365 Inc reported a deficit of $29K with expenses exceeding revenue, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 47.8% (moderate leverage).
Financial Trends
Over 12 years of filings (2010–2023), Bloom365 Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.9% | -14.0% | +20.0% |
| 2022 | +67.0% | +69.0% | +8.9% |
| 2021 | +28.0% | +20.4% | +2.9% |
| 2020 | -14.1% | -9.3% | +54.1% |
| 2019 | +72.9% | +54.4% | +81.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bloom365 Inc 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 Bloom365 Inc 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 $29K, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.8%.
Frequently Asked Questions about Bloom365 Inc
Is Bloom365 Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bloom365 Inc (EIN: 262944620) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bloom365 Inc spend its money?
Detailed spending breakdown data is not yet available for Bloom365 Inc. Check back for updated IRS 990 analysis.
Are donations to Bloom365 Inc tax-deductible?
Bloom365 Inc is registered as a tax-exempt nonprofit (EIN: 262944620). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bloom365 Inc located?
Bloom365 Inc is headquartered in Peoria, Arizona and files with the IRS under EIN 262944620. It is classified under NTEE code I70.
How many years of IRS 990 filings does Bloom365 Inc have?
Bloom365 Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.6M in total revenue.
Filing History
IRS 990 filing history for Bloom365 Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2023), Bloom365 Inc's revenue has grown by 1491.6%, moving from $63K to $1000K. Total assets increased by 1378.6% over the same period, from $28K to $408K. Total functional expenses rose by 2310.9%, from $43K to $1.0M. In its most recent filing year (2023), Bloom365 Inc reported a deficit of $29K, with expenses exceeding revenue. The organization holds $195K in liabilities against $408K in assets (debt-to-asset ratio: 47.8%), resulting in net assets of $213K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1000K | $1.0M | $408K | $195K | — | — |
| 2022 | $1.3M | $1.2M | $340K | $99K | — | View 990 |
| 2021 | $767K | $708K | $312K | $155K | — | — |
| 2020 | $599K | $588K | $304K | $177K | — | View 990 |
| 2019 | $697K | $648K | $197K | $81K | — | View 990 |
| 2018 | $403K | $420K | $109K | $71K | — | View 990 |
| 2017 | $205K | $183K | $105K | $51K | — | View 990 |
| 2016 | $62K | $45K | $33K | $0 | — | View 990 |
| 2015 | $77K | $91K | $16K | $233 | — | View 990 |
| 2014 | $115K | $124K | $30K | $0 | — | View 990 |
| 2013 | $96K | $79K | $52K | $13K | — | View 990 |
| 2010 | $63K | $43K | $28K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1000K, expenses of $1.0M, and assets of $408K (revenue -21.9% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.2M, and assets of $340K (revenue +67.0% year-over-year).
- 2021: Revenue of $767K, expenses of $708K, and assets of $312K (revenue +28.0% year-over-year).
- 2020: Revenue of $599K, expenses of $588K, and assets of $304K (revenue -14.1% year-over-year).
- 2019: Revenue of $697K, expenses of $648K, and assets of $197K (revenue +72.9% year-over-year).
- 2018: Revenue of $403K, expenses of $420K, and assets of $109K (revenue +96.9% year-over-year).
- 2017: Revenue of $205K, expenses of $183K, and assets of $105K (revenue +231.8% year-over-year).
- 2016: Revenue of $62K, expenses of $45K, and assets of $33K (revenue -20.0% year-over-year).
- 2015: Revenue of $77K, expenses of $91K, and assets of $16K (revenue -33.1% year-over-year).
- 2014: Revenue of $115K, expenses of $124K, and assets of $30K (revenue +20.2% year-over-year).
- 2013: Revenue of $96K, expenses of $79K, and assets of $52K (revenue +52.8% year-over-year).
- 2010: Revenue of $63K, expenses of $43K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bloom365 Inc:
Data Sources and Methodology
This transparency report for Bloom365 Inc 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.