Bloomfield Scholarship Fund Inc
EIN: 465632972 · Bloomfield, CT · NTEE: B99
| Metric | Value |
|---|---|
| Total Revenue | $274K |
| Total Expenses | $265K |
| Net Assets | $19K |
Is Bloomfield Scholarship Fund Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bloomfield Scholarship Fund Inc
Bloomfield Scholarship Fund Inc (EIN: 465632972) is a nonprofit organization based in Bloomfield, CT, classified under NTEE code B99. The organization reported total revenue of $274K and total assets of $19K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bloomfield Scholarship Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bloomfield Scholarship Fund Inc is a small nonprofit that has been operating for 12 years, with 6 years of IRS 990 filings on record (2015–2020). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $171K |
| Total Expenses | $265K |
| Surplus / Deficit | $-93,666 |
| Total Assets | $19K |
| Net Assets | $19K |
| Operating Margin | -54.7% |
| Months of Reserves | 0.8 months |
Financial Health Grade: C
In 2020, Bloomfield Scholarship Fund Inc reported a deficit of $94K with expenses exceeding revenue, holds 0.8 months of operating reserves (limited).
Financial Trends
Over 6 years of filings (2015–2020), Bloomfield Scholarship Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +867.7% | +859.7% | -83.3% |
| 2019 | -35.0% | +18.3% | -8.1% |
| 2018 | +439.0% | +5.8% | +3.3% |
| 2017 | -82.0% | -8.0% | -12.6% |
| 2016 | -80.8% | +54.3% | +3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bloomfield Scholarship Fund 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 Bloomfield Scholarship Fund 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $94K, with expenses exceeding revenue.
Frequently Asked Questions about Bloomfield Scholarship Fund Inc
Is Bloomfield Scholarship Fund Inc a legitimate charity?
Bloomfield Scholarship Fund Inc (EIN: 465632972) is a registered tax-exempt nonprofit based in Connecticut. It has 6 years of IRS 990 filings on record. Total revenue: $274K. No red flags identified. Financial health grade: C.
How does Bloomfield Scholarship Fund Inc spend its money?
Bloomfield Scholarship Fund Inc reported $274K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Bloomfield Scholarship Fund Inc tax-deductible?
Bloomfield Scholarship Fund Inc is registered as a tax-exempt nonprofit (EIN: 465632972). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bloomfield Scholarship Fund Inc located?
Bloomfield Scholarship Fund Inc is headquartered in Bloomfield, Connecticut and files with the IRS under EIN 465632972. It is classified under NTEE code B99.
How many years of IRS 990 filings does Bloomfield Scholarship Fund Inc have?
Bloomfield Scholarship Fund Inc has 6 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 $274K in total revenue.
Filing History
IRS 990 filing history for Bloomfield Scholarship Fund Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2015–2020), Bloomfield Scholarship Fund Inc's revenue has grown by 16.8%, moving from $147K to $171K. Total assets decreased by 85.7% over the same period, from $131K to $19K. Total functional expenses rose by 1605.3%, from $16K to $265K. In its most recent filing year (2020), Bloomfield Scholarship Fund Inc reported a deficit of $94K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $171K | $265K | $19K | $0 | — | View 990 |
| 2019 | $18K | $28K | $112K | $0 | — | View 990 |
| 2018 | $27K | $23K | $122K | $0 | — | View 990 |
| 2017 | $5K | $22K | $118K | $0 | — | View 990 |
| 2016 | $28K | $24K | $135K | $0 | — | View 990 |
| 2015 | $147K | $16K | $131K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $171K, expenses of $265K, and assets of $19K (revenue +867.7% year-over-year).
- 2019: Revenue of $18K, expenses of $28K, and assets of $112K (revenue -35.0% year-over-year).
- 2018: Revenue of $27K, expenses of $23K, and assets of $122K (revenue +439.0% year-over-year).
- 2017: Revenue of $5K, expenses of $22K, and assets of $118K (revenue -82.0% year-over-year).
- 2016: Revenue of $28K, expenses of $24K, and assets of $135K (revenue -80.8% year-over-year).
- 2015: Revenue of $147K, expenses of $16K, and assets of $131K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bloomfield Scholarship Fund Inc:
Data Sources and Methodology
This transparency report for Bloomfield Scholarship Fund 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.