Bloomberg Foundation
Bloomberg Foundation shows declining assets and volatile revenue, with no reported officer compensation.
EIN: 136272482 · Park City, UT · NTEE: T22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $256K |
| Total Expenses | $12K |
| Program Spending | 70% |
| Net Assets | $89K |
| Transparency Score | 55/100 |
Is Bloomberg Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bloomberg Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Bloomberg Foundation
Bloomberg Foundation (EIN: 136272482) is a nonprofit organization based in Park City, UT, classified under NTEE code T22Z. The organization reported total revenue of $256K and total assets of $184K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bloomberg Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bloomberg Foundation is a small nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $64K |
| Total Expenses | $12K |
| Surplus / Deficit | +$52K |
| Total Assets | $89K |
| Total Liabilities | $1 |
| Net Assets | $89K |
| Operating Margin | 80.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 85.7 months |
Financial Health Grade: A
In 2023, Bloomberg Foundation reported a surplus of $52K with revenue exceeding expenses, holds 85.7 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 Foundation's revenue has grown at a compound annual growth rate (CAGR) of 19.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.6% | -73.5% | +138.2% |
| 2022 | +2327.0% | +146.6% | +469.1% |
| 2019 | -387.9% | +125.6% | -74.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Foundation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Bloomberg Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $52K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation is consistently reported as 0% across all available filings, suggesting that key leadership may be unpaid volunteers or compensated through non-officer roles, which could impact the organization's long-term sustainability or transparency regarding leadership costs.
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 Foundation's IRS 990 filings:
- Significant and consistent decline in assets from $716,417 in 2013 to $88,847 in 2023.
- Periods of negative revenue (e.g., $-76,693 in 2020, $-55,142 in 2019) indicating unsustainable financial performance.
- Unusual and consistent reporting of $1 in liabilities across multiple recent filings.
- Expenses frequently exceeding revenue by large margins in earlier years (e.g., 2019 expenses $283,913 vs. revenue $-55,142).
Strengths
The following positive indicators were identified for Bloomberg Foundation:
- Consistent filing of IRS Form 990s over a decade, indicating compliance with reporting requirements.
- No reported officer compensation, potentially indicating a volunteer-driven leadership structure or efficient use of funds if compensation is truly absent.
Frequently Asked Questions about Bloomberg Foundation
Is Bloomberg Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bloomberg Foundation (EIN: 136272482) some concerns. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
How does Bloomberg Foundation spend its money?
Bloomberg Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bloomberg Foundation tax-deductible?
Bloomberg Foundation is registered as a tax-exempt nonprofit (EIN: 136272482). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bloomberg Foundation's spending goes to programs?
Bloomberg Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Bloomberg Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Bloomberg Foundation is near average for NTEE category T22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bloomberg Foundation located?
Bloomberg Foundation is headquartered in Park City, Utah and files with the IRS under EIN 136272482. It is classified under NTEE code T22Z.
How many years of IRS 990 filings does Bloomberg Foundation have?
Bloomberg Foundation 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 $256K in total revenue.
Why have the organization's assets declined so significantly from $716,417 in 2013 to $88,847 in 2023?
The provided data indicates a substantial reduction in assets over the past decade, which could be due to significant program spending, investment losses, or a strategic decision to spend down the endowment. Further investigation into the organization's financial statements would be needed to determine the exact causes.
What is the nature of the consistent $1 liability reported in recent filings?
The consistent reporting of $1 in liabilities is highly unusual for an organization of any size and may indicate a specific accounting practice, a reporting error, or a unique financial structure. This warrants further scrutiny of the detailed financial statements.
How does the Bloomberg Foundation sustain operations with periods of negative revenue, such as in 2019 and 2020?
Periods of negative revenue, as seen in 2019 ($-55,142) and 2020 ($-76,693), suggest that the organization was either drawing heavily from its existing assets or experiencing significant investment losses that exceeded other income. This is not a sustainable long-term financial model without a robust asset base.
What is the actual breakdown of program, administrative, and fundraising expenses, given the lack of officer compensation?
Without a detailed functional expense breakdown, it's challenging to determine the true allocation of funds. The absence of officer compensation might mean these costs are embedded within administrative or program expenses, or that the organization is entirely volunteer-run at the leadership level.
Filing History
IRS 990 filing history for Bloomberg Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bloomberg Foundation's revenue has grown by 787.1%, moving from $7K to $64K. Total assets decreased by 87.4% over the same period, from $705K to $89K. Total functional expenses fell by 83.1%, from $74K to $12K. In its most recent filing year (2023), Bloomberg Foundation reported a surplus of $52K, with revenue exceeding expenses. The organization holds $1 in liabilities against $89K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $89K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $64K | $12K | $89K | $1 | — | View 990 |
| 2022 | $78K | $47K | $37K | $1 | — | View 990 |
| 2021 | $3K | $19K | $7K | $1 | — | — |
| 2020 | $-76,693 | $44K | $22K | $1 | — | — |
| 2019 | $-55,142 | $284K | $143K | $1 | — | View 990 |
| 2015 | $19K | $126K | $557K | $0 | — | View 990 |
| 2014 | $89K | $141K | $664K | $0 | — | View 990 |
| 2013 | $168K | $112K | $716K | $0 | — | View 990 |
| 2012 | $37K | $77K | $661K | $0 | — | View 990 |
| 2011 | $7K | $74K | $705K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $64K, expenses of $12K, and assets of $89K (revenue -17.6% year-over-year).
- 2022: Revenue of $78K, expenses of $47K, and assets of $37K (revenue +2327.0% year-over-year).
- 2021: Revenue of $3K, expenses of $19K, and assets of $7K.
- 2020: Revenue of $-76,693, expenses of $44K, and assets of $22K.
- 2019: Revenue of $-55,142, expenses of $284K, and assets of $143K (revenue -387.9% year-over-year).
- 2015: Revenue of $19K, expenses of $126K, and assets of $557K (revenue -78.6% year-over-year).
- 2014: Revenue of $89K, expenses of $141K, and assets of $664K (revenue -46.7% year-over-year).
- 2013: Revenue of $168K, expenses of $112K, and assets of $716K (revenue +356.8% year-over-year).
- 2012: Revenue of $37K, expenses of $77K, and assets of $661K (revenue +409.3% year-over-year).
- 2011: Revenue of $7K, expenses of $74K, and assets of $705K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bloomberg Foundation:
Data Sources and Methodology
This transparency report for Bloomberg Foundation 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.