The Emma And Georgina Bloomberg Foundation
Bloomberg Foundation maintains substantial assets despite fluctuating revenue and consistent deficit spending.
EIN: 137151342 · New York, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.2M |
| Total Expenses | $1.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $25 |
| Net Assets | $26.3M |
| Transparency Score | 85/100 |
Is The Emma And Georgina Bloomberg Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Emma And Georgina Bloomberg Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Emma And Georgina Bloomberg Foundation
The Emma And Georgina Bloomberg Foundation (EIN: 137151342) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $9.2M and total assets of $25.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Emma And Georgina Bloomberg Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Emma And Georgina Bloomberg Foundation is a mid-size nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 28.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-231,805 |
| Total Assets | $26.3M |
| Total Liabilities | $1 |
| Net Assets | $26.3M |
| Operating Margin | -19.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 225.2 months |
Financial Health Grade: B
In 2023, The Emma And Georgina Bloomberg Foundation reported a deficit of $232K with expenses exceeding revenue, holds 225.2 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), The Emma And Georgina Bloomberg Foundation's revenue has grown at a compound annual growth rate (CAGR) of 28.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -95.3% | +29.6% | -0.9% |
| 2022 | +6392.5% | +19.2% | +931.3% |
| 2021 | +7.3% | -31.6% | -16.9% |
| 2020 | -71.2% | -4.0% | -23.8% |
| 2019 | +890.9% | +134.2% | +27.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 The Emma And Georgina Bloomberg Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, The Emma And Georgina Bloomberg Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 deficit of $232K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that officers and directors are not compensated, which is highly favorable for a nonprofit of this size with assets exceeding $25 million.
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 The Emma And Georgina Bloomberg Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue in most years)
- Significant year-over-year revenue volatility (e.g., $25M in 2022 to $1.1M in 2023)
Strengths
The following positive indicators were identified for The Emma And Georgina Bloomberg Foundation:
- Zero officer compensation reported across all filings
- Substantial and stable asset base ($26,262,240 in 2023)
- No reported fundraising expenses, indicating efficient resource allocation for funding
- High transparency in financial reporting
Frequently Asked Questions about The Emma And Georgina Bloomberg Foundation
Is The Emma And Georgina Bloomberg Foundation a legitimate charity?
The Emma And Georgina Bloomberg Foundation (EIN: 137151342) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $9.2M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does The Emma And Georgina Bloomberg Foundation spend its money?
The Emma And Georgina Bloomberg Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Emma And Georgina Bloomberg Foundation tax-deductible?
The Emma And Georgina Bloomberg Foundation is registered as a tax-exempt nonprofit (EIN: 137151342). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Emma And Georgina Bloomberg Foundation CEO make?
The Emma And Georgina Bloomberg Foundation's highest-compensated officer earns $25 annually. The organization reported $9.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does The Emma And Georgina Bloomberg Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Emma And Georgina Bloomberg Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Emma And Georgina Bloomberg Foundation located?
The Emma And Georgina Bloomberg Foundation is headquartered in New York, New York and files with the IRS under EIN 137151342. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Emma And Georgina Bloomberg Foundation have?
The Emma And Georgina 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 $9.2M in total revenue.
Is The Emma And Georgina Bloomberg Foundation a good charity?
Based on the available data, the foundation exhibits strong financial transparency with no officer compensation and a substantial asset base. While it consistently spends more than its annual revenue, its significant assets ($26,262,240 in 2023) suggest a capacity to fulfill its mission. The lack of fundraising expenses implies direct funding or endowment-based operations, which can be efficient.
Why does the foundation consistently spend more than its revenue?
The foundation's consistent spending exceeding annual revenue (e.g., $1,399,431 expenses vs. $1,167,626 revenue in 2023) suggests it operates by drawing from its substantial asset base, which was $26,262,240 in 2023. This is common for foundations that rely on endowments or investment returns rather than solely on annual donations.
What caused the significant revenue spike in 2022?
The revenue spike to $25,004,011 in 2022, compared to $385,123 in 2021 and $1,167,626 in 2023, is a significant outlier. Without more detailed financial statements, it's difficult to pinpoint the exact cause, but it could be attributed to a large one-time donation, a significant investment gain, or a major asset transfer.
Filing History
IRS 990 filing history for The Emma And Georgina Bloomberg Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Emma And Georgina Bloomberg Foundation's revenue has grown by 1973%, moving from $56K to $1.2M. Total assets increased by 466.7% over the same period, from $4.6M to $26.3M. Total functional expenses rose by 281.1%, from $367K to $1.4M. In its most recent filing year (2023), The Emma And Georgina Bloomberg Foundation reported a deficit of $232K, with expenses exceeding revenue. The organization holds $1 in liabilities against $26.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $26.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.4M | $26.3M | $1 | — | View 990 |
| 2022 | $25.0M | $1.1M | $26.5M | $1 | — | View 990 |
| 2021 | $385K | $906K | $2.6M | $1 | — | View 990 |
| 2020 | $359K | $1.3M | $3.1M | $1 | — | View 990 |
| 2019 | $1.2M | $1.4M | $4.1M | $1 | — | — |
| 2015 | $126K | $589K | $3.2M | $0 | — | View 990 |
| 2014 | $102K | $546K | $3.6M | $0 | — | View 990 |
| 2013 | $63K | $347K | $4.1M | $0 | — | View 990 |
| 2012 | $74K | $344K | $4.4M | $0 | — | View 990 |
| 2011 | $56K | $367K | $4.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.4M, and assets of $26.3M (revenue -95.3% year-over-year).
- 2022: Revenue of $25.0M, expenses of $1.1M, and assets of $26.5M (revenue +6392.5% year-over-year).
- 2021: Revenue of $385K, expenses of $906K, and assets of $2.6M (revenue +7.3% year-over-year).
- 2020: Revenue of $359K, expenses of $1.3M, and assets of $3.1M (revenue -71.2% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.4M, and assets of $4.1M (revenue +890.9% year-over-year).
- 2015: Revenue of $126K, expenses of $589K, and assets of $3.2M (revenue +22.7% year-over-year).
- 2014: Revenue of $102K, expenses of $546K, and assets of $3.6M (revenue +63.3% year-over-year).
- 2013: Revenue of $63K, expenses of $347K, and assets of $4.1M (revenue -14.9% year-over-year).
- 2012: Revenue of $74K, expenses of $344K, and assets of $4.4M (revenue +30.9% year-over-year).
- 2011: Revenue of $56K, expenses of $367K, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Emma And Georgina Bloomberg Foundation:
Data Sources and Methodology
This transparency report for The Emma And Georgina 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.