Bloomingdale Family Program Inc Head Start
Bloomingdale Family Program Inc Head Start consistently reports 0% officer compensation amidst fluctuating revenues and occasional asset-liability imbalances.
EIN: 132638566 · New York, NY · NTEE: B210 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $2.1M |
| Program Spending | 90% |
| Net Assets | $36K |
| Transparency Score | 85/100 |
Is Bloomingdale Family Program Inc Head Start Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bloomingdale Family Program Inc Head Start directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bloomingdale Family Program Inc Head Start
Bloomingdale Family Program Inc Head Start (EIN: 132638566) is a nonprofit organization based in New York, NY, classified under NTEE code B210. The organization reported total revenue of $3.7M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bloomingdale Family Program Inc Head Start's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bloomingdale Family Program Inc Head Start is a mid-size nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$77K |
| Total Assets | $1.1M |
| Total Liabilities | $1.0M |
| Net Assets | $36K |
| Operating Margin | 3.5% |
| Debt-to-Asset Ratio | 96.7% |
| Months of Reserves | 6.2 months |
Financial Health Grade: A
In 2023, Bloomingdale Family Program Inc Head Start reported a surplus of $77K with revenue exceeding expenses, holds 6.2 months of operating reserves (strong position), has a debt-to-asset ratio of 96.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bloomingdale Family Program Inc Head Start's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.2% | +27.0% | -11.8% |
| 2022 | -48.7% | -49.4% | +48.1% |
| 2021 | -8.2% | -10.2% | -34.2% |
| 2020 | -4.5% | -4.3% | +57.2% |
| 2019 | +1.7% | +11.0% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
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 Bloomingdale Family Program Inc Head Start with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Bloomingdale Family Program Inc Head Start allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $77K, with revenue exceeding expenses.
- Debt-to-asset ratio: 96.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly commendable and suggests a strong dedication to directing funds towards programmatic activities.
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 Bloomingdale Family Program Inc Head Start's IRS 990 filings:
- Liabilities frequently exceeding assets in past periods (e.g., 202206, 202106, 202006, 201906, 201706, 201606, 201506, 201406), indicating potential liquidity issues.
- Significant fluctuations in revenue and expenses in recent years (e.g., drop from $3.2M in 202106 to $1.6M in 202206), which could indicate instability or changes in program funding.
Strengths
The following positive indicators were identified for Bloomingdale Family Program Inc Head Start:
- Consistent reporting of 0% officer compensation, indicating high efficiency and dedication to mission.
- Long history of IRS 990 filings (13 periods), demonstrating consistent transparency and compliance.
- Expenses generally align closely with revenue, suggesting efficient use of available funds for program delivery.
- Most recent filing (202306) shows assets slightly exceeding liabilities, an improvement in financial position compared to prior years.
Frequently Asked Questions about Bloomingdale Family Program Inc Head Start
Is Bloomingdale Family Program Inc Head Start a legitimate charity?
Based on AI analysis of IRS 990 filings, Bloomingdale Family Program Inc Head Start (EIN: 132638566) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Bloomingdale Family Program Inc Head Start spend its money?
Bloomingdale Family Program Inc Head Start directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bloomingdale Family Program Inc Head Start tax-deductible?
Bloomingdale Family Program Inc Head Start is registered as a tax-exempt nonprofit (EIN: 132638566). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bloomingdale Family Program Inc Head Start's spending goes to programs?
Bloomingdale Family Program Inc Head Start directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bloomingdale Family Program Inc Head Start compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bloomingdale Family Program Inc Head Start is above average for NTEE category B210 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bloomingdale Family Program Inc Head Start located?
Bloomingdale Family Program Inc Head Start is headquartered in New York, New York and files with the IRS under EIN 132638566. It is classified under NTEE code B210.
How many years of IRS 990 filings does Bloomingdale Family Program Inc Head Start have?
Bloomingdale Family Program Inc Head Start has 13 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 $3.7M in total revenue.
Is Bloomingdale Family Program Inc Head Start financially stable?
While the organization has managed to operate for many years, its financial stability shows some volatility. Several periods, such as 202206, 202106, and 202006, show liabilities exceeding assets, which can be a sign of liquidity concerns. However, the most recent filing (202306) shows assets slightly exceeding liabilities, indicating an improvement.
How does the organization manage its expenses relative to its revenue?
Expenses generally track closely with revenue, often slightly exceeding it in some years (e.g., 202106, 202006, 201906, 201506, 201406). This suggests a tight operational budget, where most incoming funds are spent on current operations. The 202306 period shows expenses of $2,098,966 against revenue of $2,176,137, indicating a small surplus.
What caused the significant drop in revenue in 2022 and 2023?
The filings show a substantial decrease in revenue from $3,231,403 in 202106 to $1,659,060 in 202206 and $2,176,137 in 202306. Without further details from the 990s, it's difficult to pinpoint the exact cause, but it could be due to changes in grant funding, government contracts, or a reduction in program scope.
Is the organization transparent about its finances?
The consistent filing of IRS 990 forms over 13 periods demonstrates a commitment to transparency. The 0% officer compensation is also a clear and transparent financial practice.
Filing History
IRS 990 filing history for Bloomingdale Family Program Inc Head Start showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bloomingdale Family Program Inc Head Start's revenue has grown by 71.2%, moving from $1.3M to $2.2M. Total assets increased by 35.3% over the same period, from $799K to $1.1M. Total functional expenses rose by 63.2%, from $1.3M to $2.1M. In its most recent filing year (2023), Bloomingdale Family Program Inc Head Start reported a surplus of $77K, with revenue exceeding expenses. The organization holds $1.0M in liabilities against $1.1M in assets (debt-to-asset ratio: 96.7%), resulting in net assets of $36K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.1M | $1.1M | $1.0M | — | — |
| 2022 | $1.7M | $1.7M | $1.2M | $1.4M | — | View 990 |
| 2021 | $3.2M | $3.3M | $827K | $950K | — | View 990 |
| 2020 | $3.5M | $3.6M | $1.3M | $1.4M | — | — |
| 2019 | $3.7M | $3.8M | $799K | $815K | — | View 990 |
| 2018 | $3.6M | $3.4M | $825K | $772K | — | View 990 |
| 2017 | $3.4M | $3.4M | $544K | $700K | — | View 990 |
| 2016 | $3.4M | $3.4M | $496K | $689K | — | View 990 |
| 2015 | $3.1M | $3.3M | $349K | $560K | — | View 990 |
| 2014 | $3.0M | $3.2M | $318K | $421K | — | View 990 |
| 2013 | $2.9M | $3.0M | $602K | $534K | — | View 990 |
| 2012 | $3.1M | $3.0M | $515K | $318K | — | View 990 |
| 2011 | $1.3M | $1.3M | $799K | $724K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.1M, and assets of $1.1M (revenue +31.2% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.7M, and assets of $1.2M (revenue -48.7% year-over-year).
- 2021: Revenue of $3.2M, expenses of $3.3M, and assets of $827K (revenue -8.2% year-over-year).
- 2020: Revenue of $3.5M, expenses of $3.6M, and assets of $1.3M (revenue -4.5% year-over-year).
- 2019: Revenue of $3.7M, expenses of $3.8M, and assets of $799K (revenue +1.7% year-over-year).
- 2018: Revenue of $3.6M, expenses of $3.4M, and assets of $825K (revenue +6.9% year-over-year).
- 2017: Revenue of $3.4M, expenses of $3.4M, and assets of $544K (revenue +0.3% year-over-year).
- 2016: Revenue of $3.4M, expenses of $3.4M, and assets of $496K (revenue +9.1% year-over-year).
- 2015: Revenue of $3.1M, expenses of $3.3M, and assets of $349K (revenue +3.0% year-over-year).
- 2014: Revenue of $3.0M, expenses of $3.2M, and assets of $318K (revenue +5.3% year-over-year).
- 2013: Revenue of $2.9M, expenses of $3.0M, and assets of $602K (revenue -8.3% year-over-year).
- 2012: Revenue of $3.1M, expenses of $3.0M, and assets of $515K (revenue +145.3% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.3M, and assets of $799K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bloomingdale Family Program Inc Head Start:
Data Sources and Methodology
This transparency report for Bloomingdale Family Program Inc Head Start 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.