Bloomberg Family Foundation Inc
Bloomberg Family Foundation maintains substantial assets and high revenue, consistently reporting zero officer compensation.
EIN: 205602483 · New York, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2B |
| Total Expenses | $1.4B |
| Program Spending | 99% |
| Net Assets | $11.8B |
| Transparency Score | 95/100 |
Is Bloomberg Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bloomberg Family Foundation Inc directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bloomberg Family Foundation Inc
Bloomberg Family Foundation Inc (EIN: 205602483) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $1.2B and total assets of $12.1B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bloomberg Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bloomberg Family Foundation Inc is a major nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5B |
| Total Expenses | $1.4B |
| Surplus / Deficit | +$83.1M |
| Total Assets | $11.8B |
| Total Liabilities | $1 |
| Net Assets | $11.8B |
| Operating Margin | 5.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 99.0 months |
Financial Health Grade: A
In 2023, Bloomberg Family Foundation Inc reported a surplus of $83.1M with revenue exceeding expenses, holds 99.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Bloomberg Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.0% | +12.4% | +2.4% |
| 2022 | -29.8% | +2.8% | -11.6% |
| 2021 | +94.6% | +135.1% | +17.4% |
| 2020 | +33.9% | -68.0% | +28.5% |
| 2019 | -21.2% | +259.5% | +20.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bloomberg Family Foundation Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, Bloomberg Family Foundation Inc allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $83.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers do not receive compensation directly from the foundation, which is highly unusual for an organization of this scale with billions in assets and revenues, suggesting a very lean or volunteer-based executive leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bloomberg Family Foundation Inc's IRS 990 filings:
- Lack of detailed breakdown for 'other expenses' on 990s, which could obscure administrative costs if not properly categorized.
Strengths
The following positive indicators were identified for Bloomberg Family Foundation Inc:
- Exceptional financial stability with over $11 billion in assets in 2023.
- Consistently high revenue generation, exceeding $1 billion in most recent years.
- Zero reported officer compensation, indicating highly efficient use of funds at the executive level.
- Minimal liabilities, demonstrating very low financial risk.
- Strong growth in assets over the past decade, from $2.9 billion in 2011 to $11.8 billion in 2023.
Frequently Asked Questions about Bloomberg Family Foundation Inc
Is Bloomberg Family Foundation Inc a legitimate charity?
Bloomberg Family Foundation Inc (EIN: 205602483) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.2B. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Bloomberg Family Foundation Inc spend its money?
Bloomberg Family Foundation Inc directs 99% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Bloomberg Family Foundation Inc tax-deductible?
Bloomberg Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205602483). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Bloomberg Family Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Bloomberg Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bloomberg Family Foundation Inc located?
Bloomberg Family Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 205602483. It is classified under NTEE code T20.
How many years of IRS 990 filings does Bloomberg Family Foundation Inc have?
Bloomberg Family Foundation Inc has 10 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 $1.2B in total revenue.
How does the Bloomberg Family Foundation Inc. manage to report 0% officer compensation with such large financial operations?
The consistent reporting of 0% officer compensation suggests that executive leadership, likely including Michael Bloomberg, does not draw a salary from the foundation. This is common in family foundations where the founder or family members may volunteer their time or be compensated through other entities, allowing more of the foundation's funds to be directed towards its philanthropic mission.
What is the primary focus of the Bloomberg Family Foundation Inc.'s spending?
Given its NTEE code (T20 - Philanthropy, Voluntarism, and Grantmaking Foundations) and the absence of significant administrative or fundraising costs, the vast majority of the foundation's expenses are directed towards grants and program services, aligning with its mission as a grantmaking entity.
Is the Bloomberg Family Foundation Inc. financially stable?
Yes, the foundation is exceptionally financially stable. It consistently reports billions in assets, with $11,808,358,665 in 2023, and minimal liabilities, often just $1, indicating a very strong balance sheet and capacity for long-term philanthropic endeavors.
Filing History
IRS 990 filing history for Bloomberg Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bloomberg Family Foundation Inc's revenue has grown by 138%, moving from $636.5M to $1.5B. Total assets increased by 298.8% over the same period, from $3.0B to $11.8B. Total functional expenses rose by 833.5%, from $153.4M to $1.4B. In its most recent filing year (2023), Bloomberg Family Foundation Inc reported a surplus of $83.1M, with revenue exceeding expenses. The organization holds $1 in liabilities against $11.8B in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $11.8B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5B | $1.4B | $11.8B | $1 | — | View 990 |
| 2022 | $1.7B | $1.3B | $11.5B | $2.7M | — | View 990 |
| 2021 | $2.5B | $1.2B | $13.0B | $1 | — | View 990 |
| 2020 | $1.3B | $526.5M | $11.1B | $1 | — | View 990 |
| 2019 | $941.2M | $1.6B | $8.7B | $0 | — | View 990 |
| 2015 | $1.2B | $457.9M | $7.2B | $10.3M | — | View 990 |
| 2014 | $1.3B | $279.4M | $6.6B | $0 | — | View 990 |
| 2013 | $809.8M | $270.9M | $4.5B | $0 | — | View 990 |
| 2012 | $1.2B | $172.9M | $4.0B | $0 | — | View 990 |
| 2011 | $636.5M | $153.4M | $3.0B | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5B, expenses of $1.4B, and assets of $11.8B (revenue -12.0% year-over-year).
- 2022: Revenue of $1.7B, expenses of $1.3B, and assets of $11.5B (revenue -29.8% year-over-year).
- 2021: Revenue of $2.5B, expenses of $1.2B, and assets of $13.0B (revenue +94.6% year-over-year).
- 2020: Revenue of $1.3B, expenses of $526.5M, and assets of $11.1B (revenue +33.9% year-over-year).
- 2019: Revenue of $941.2M, expenses of $1.6B, and assets of $8.7B (revenue -21.2% year-over-year).
- 2015: Revenue of $1.2B, expenses of $457.9M, and assets of $7.2B (revenue -10.1% year-over-year).
- 2014: Revenue of $1.3B, expenses of $279.4M, and assets of $6.6B (revenue +64.0% year-over-year).
- 2013: Revenue of $809.8M, expenses of $270.9M, and assets of $4.5B (revenue -32.8% year-over-year).
- 2012: Revenue of $1.2B, expenses of $172.9M, and assets of $4.0B (revenue +89.2% year-over-year).
- 2011: Revenue of $636.5M, expenses of $153.4M, and assets of $3.0B.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bloomberg Family Foundation Inc:
Data Sources and Methodology
This transparency report for Bloomberg Family Foundation 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.