Charity Search / BLOOM FOUNDATION INC
Public Safety & Disaster Relief (M11) 990 on File

BLOOM FOUNDATION INC

EIN: 82-5342697 · MORRISTOWN, NJ 07960-0000 · United States · FY 2024 Data
3 out of 5 51 / 100 Based on 2+ years of filings
Financial strength (30%) 97/100
Reliability (20%) 45/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2024
$1.8M
Total Revenue
$658K
Total Expenses
$9.8M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 86.8%
Fundraising Efficiency N/A
Operating Reserve 179.52x
Liability-to-Asset 0.0%
Revenue Diversification 47.6%
Executive Compensation $0
Compared with Peers
FY 2024
Compared with 2,944 similar organizations (United States, Public Safety & Disaster Relief, $100K–$1M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
86.8% 93.9%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
179.5 mo 29.7 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 2.2%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
47.6% 87.0%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
15.9% 7.4%
P10P90
Expense growth
Year over year expense growth
6.9% 9.3%
P10P90
Surplus margin
Surplus as a share of revenue
63.1% 7.7%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $1.8M $658K $9.8M 86.8% —
2023 $1.5M $615K $8.7M 83.9% —
2022 $1.2M $617K $7.8M 76.2% —
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Organization Details
EIN
82-5342697
State
NJ
City
MORRISTOWN
ZIP
07960-0000
Classification
M11
Category
Public Safety & Disaster Relief
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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