Boom Health
Boom Health faces persistent operational deficits and significant liabilities exceeding assets.
EIN: 133599121 · Bronx, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.0M |
| Total Expenses | $8.7M |
| Program Spending | 70% |
| Net Assets | $-4,057,047 |
| Transparency Score | 45/100 |
Is Boom Health Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Boom Health directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Boom Health
Boom Health (EIN: 133599121) is a nonprofit organization based in Bronx, NY. The organization reported total revenue of $8.0M and total assets of $17.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boom Health's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boom Health is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.5M |
| Total Expenses | $8.7M |
| Surplus / Deficit | $-1,245,173 |
| Total Assets | $10.9M |
| Total Liabilities | $14.9M |
| Net Assets | $-4,057,047 |
| Operating Margin | -16.7% |
| Debt-to-Asset Ratio | 137.4% |
| Months of Reserves | 15.0 months |
Financial Health Grade: C
In 2023, Boom Health reported a deficit of $1.2M with expenses exceeding revenue, holds 15.0 months of operating reserves (strong position), has a debt-to-asset ratio of 137.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Boom Health's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.3% | +6.9% | -5.6% |
| 2022 | +28.2% | +1.2% | +1.4% |
| 2021 | -18.8% | -15.2% | -10.1% |
| 2020 | -7.0% | -15.0% | +3.1% |
| 2019 | -34.8% | -17.4% | -13.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Boom Health with a Mission Score of 45 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, Boom Health 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 deficit of $1.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 137.4%.
Executive Compensation Analysis
Boom Health consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is a positive sign for resource allocation directly to mission.
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 Boom Health's IRS 990 filings:
- Persistent operational deficits (e.g., $1.2M deficit in 2023)
- Liabilities consistently exceed assets (e.g., $14.9M liabilities vs. $10.8M assets in 2023)
- Negative net asset position over multiple years
- Unknown NTEE code limits understanding of programmatic focus
Strengths
The following positive indicators were identified for Boom Health:
- No reported officer compensation across all filings
- Long filing history (13 filings) indicates consistent reporting
Frequently Asked Questions about Boom Health
Is Boom Health a legitimate charity?
Boom Health (EIN: 133599121) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $8.0M. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Boom Health spend its money?
Boom Health directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Boom Health tax-deductible?
Boom Health is registered as a tax-exempt nonprofit (EIN: 133599121). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Boom Health's spending goes to programs?
Boom Health directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Boom Health located?
Boom Health is headquartered in Bronx, New York and files with the IRS under EIN 133599121.
How many years of IRS 990 filings does Boom Health have?
Boom Health 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 $8.0M in total revenue.
Is Boom Health financially stable?
Boom Health shows signs of financial instability, with expenses consistently exceeding revenue in recent years (e.g., $8,697,618 expenses vs. $7,452,445 revenue in 2023) and liabilities significantly outweighing assets ($14,908,023 liabilities vs. $10,850,976 assets in 2023).
How does Boom Health manage executive compensation?
Boom Health reports 0% officer compensation across all available filings, suggesting that no compensation is paid to its officers, directors, trustees, or key employees.
What is the trend in Boom Health's revenue and expenses?
Boom Health's revenue has fluctuated, with a general decline from a peak of over $13 million in 2017-2018 to around $7-8 million in recent years. Expenses have also decreased but consistently exceed revenue in most recent periods, leading to operational deficits.
What is the significance of Boom Health's liabilities exceeding assets?
The fact that Boom Health's liabilities consistently exceed its assets (e.g., $14,908,023 liabilities vs. $10,850,976 assets in 2023) indicates a negative net asset position, which is a significant financial risk and suggests potential solvency issues.
Filing History
IRS 990 filing history for Boom Health showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Boom Health's revenue has grown by 14.6%, moving from $6.5M to $7.5M. Total assets increased by 478.7% over the same period, from $1.9M to $10.9M. Total functional expenses rose by 39.9%, from $6.2M to $8.7M. In its most recent filing year (2023), Boom Health reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $14.9M in liabilities against $10.9M in assets (debt-to-asset ratio: 137.4%), resulting in net assets of $-4,057,047.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.5M | $8.7M | $10.9M | $14.9M | — | View 990 |
| 2022 | $8.5M | $8.1M | $11.5M | $14.3M | — | View 990 |
| 2021 | $6.6M | $8.0M | $11.3M | $14.5M | — | View 990 |
| 2020 | $8.2M | $9.5M | $12.6M | $14.6M | — | View 990 |
| 2019 | $8.8M | $11.2M | $12.2M | $12.9M | — | View 990 |
| 2018 | $13.5M | $13.5M | $14.2M | $12.5M | — | View 990 |
| 2017 | $13.5M | $13.8M | $15.7M | $13.2M | — | View 990 |
| 2016 | $12.6M | $12.4M | $16.8M | $14.0M | — | View 990 |
| 2015 | $10.9M | $9.9M | $9.5M | $7.0M | — | View 990 |
| 2014 | $8.5M | $8.3M | $2.9M | $1.4M | — | View 990 |
| 2013 | $7.4M | $6.7M | $2.0M | $708K | — | View 990 |
| 2012 | $6.2M | $6.5M | $1.6M | $1.1M | — | View 990 |
| 2011 | $6.5M | $6.2M | $1.9M | $982K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.5M, expenses of $8.7M, and assets of $10.9M (revenue -12.3% year-over-year).
- 2022: Revenue of $8.5M, expenses of $8.1M, and assets of $11.5M (revenue +28.2% year-over-year).
- 2021: Revenue of $6.6M, expenses of $8.0M, and assets of $11.3M (revenue -18.8% year-over-year).
- 2020: Revenue of $8.2M, expenses of $9.5M, and assets of $12.6M (revenue -7.0% year-over-year).
- 2019: Revenue of $8.8M, expenses of $11.2M, and assets of $12.2M (revenue -34.8% year-over-year).
- 2018: Revenue of $13.5M, expenses of $13.5M, and assets of $14.2M (revenue -0.2% year-over-year).
- 2017: Revenue of $13.5M, expenses of $13.8M, and assets of $15.7M (revenue +6.9% year-over-year).
- 2016: Revenue of $12.6M, expenses of $12.4M, and assets of $16.8M (revenue +16.1% year-over-year).
- 2015: Revenue of $10.9M, expenses of $9.9M, and assets of $9.5M (revenue +27.7% year-over-year).
- 2014: Revenue of $8.5M, expenses of $8.3M, and assets of $2.9M (revenue +14.8% year-over-year).
- 2013: Revenue of $7.4M, expenses of $6.7M, and assets of $2.0M (revenue +20.5% year-over-year).
- 2012: Revenue of $6.2M, expenses of $6.5M, and assets of $1.6M (revenue -5.3% year-over-year).
- 2011: Revenue of $6.5M, expenses of $6.2M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boom Health:
Data Sources and Methodology
This transparency report for Boom Health 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.