The Bloom Project
EIN: 262061664 · Portland, OR · NTEE: P197
| Metric | Value |
|---|---|
| Total Revenue | $120K |
| Total Expenses | $269K |
| Net Assets | $1 |
Is The Bloom Project Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Bloom Project
The Bloom Project (EIN: 262061664) is a nonprofit organization based in Portland, OR, classified under NTEE code P197. The organization reported total revenue of $120K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Bloom Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Bloom Project is a small nonprofit that has been operating for 17 years, with 7 years of IRS 990 filings on record (2014–2020). Revenue has grown at a compound annual rate of -22.6%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $120K |
| Total Expenses | $269K |
| Surplus / Deficit | $-148,229 |
| Total Assets | $1 |
| Net Assets | $1 |
| Operating Margin | -123.1% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2020, The Bloom Project reported a deficit of $148K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 7 years of filings (2014–2020), The Bloom Project's revenue has declined at a compound annual growth rate (CAGR) of -22.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -87.2% | -71.6% | -100.0% |
| 2019 | +3.1% | +6.1% | -1.7% |
| 2018 | +17.1% | +26.5% | +13.8% |
| 2017 | +2.7% | -4.2% | +141.6% |
| 2016 | -17.1% | -21.4% | +118.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Bloom Project 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 The Bloom Project 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 $148K, with expenses exceeding revenue.
Frequently Asked Questions about The Bloom Project
Is The Bloom Project a legitimate charity?
Based on AI analysis of IRS 990 filings, The Bloom Project (EIN: 262061664) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Bloom Project spend its money?
Detailed spending breakdown data is not yet available for The Bloom Project. Check back for updated IRS 990 analysis.
Are donations to The Bloom Project tax-deductible?
The Bloom Project is registered as a tax-exempt nonprofit (EIN: 262061664). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Bloom Project located?
The Bloom Project is headquartered in Portland, Oregon and files with the IRS under EIN 262061664. It is classified under NTEE code P197.
How many years of IRS 990 filings does The Bloom Project have?
The Bloom Project has 7 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 $120K in total revenue.
Filing History
IRS 990 filing history for The Bloom Project showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2014–2020), The Bloom Project's revenue has declined by 78.5%, moving from $559K to $120K. Total assets decreased by 100% over the same period, from $42K to $1. Total functional expenses fell by 51.6%, from $555K to $269K. In its most recent filing year (2020), The Bloom Project reported a deficit of $148K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $120K | $269K | $1 | $0 | — | View 990 |
| 2019 | $944K | $946K | $149K | $981 | — | View 990 |
| 2018 | $916K | $891K | $152K | $2K | — | View 990 |
| 2017 | $782K | $705K | $133K | $8K | — | View 990 |
| 2016 | $762K | $735K | $55K | $7K | — | View 990 |
| 2015 | $919K | $936K | $25K | $4K | — | View 990 |
| 2014 | $559K | $555K | $42K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $120K, expenses of $269K, and assets of $1 (revenue -87.2% year-over-year).
- 2019: Revenue of $944K, expenses of $946K, and assets of $149K (revenue +3.1% year-over-year).
- 2018: Revenue of $916K, expenses of $891K, and assets of $152K (revenue +17.1% year-over-year).
- 2017: Revenue of $782K, expenses of $705K, and assets of $133K (revenue +2.7% year-over-year).
- 2016: Revenue of $762K, expenses of $735K, and assets of $55K (revenue -17.1% year-over-year).
- 2015: Revenue of $919K, expenses of $936K, and assets of $25K (revenue +64.3% year-over-year).
- 2014: Revenue of $559K, expenses of $555K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Bloom Project:
Data Sources and Methodology
This transparency report for The Bloom Project 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.