Bomi International 457 B Plan
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
Bomi International 457 B Plan is a 501(c)(3) organization based in Annapolis, Maryland, registered in 1970, with $3,634,376 in FY2024 revenue. CharityIndex grades it B.
900 Bestgate Rd Ste 206, Annapolis, MD, 21401 EIN 23-7070298 Since 1970
Revenue (FY2024)
$3.6M
▲ 137.3% vs prior year
Expenses (FY2024)
$3.2M
Net assets
$1.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Bomi International 457 B Plan— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bomi International 457 B Plan: 7 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Bomi International 457 B Plan— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bomi International 457 B Plan: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $4.9M (FY2015) to $3.6M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.5MNet assets $1.9M
Operating margin
11.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.4M
Total liabilities
$1.5M
Net assets
$1.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,634,376▲137% | $3,220,502▲21.1% | $1,865,058▲33.8% | $3,384,013▲5.4% | 990 |
| 2023 | $1,531,646▼53.2% | $2,660,269▼13.8% | $1,394,384▼43.8% | $3,210,064▼28.2% | 990 |
| 2022 | $3,273,887▼13.1% | $3,084,763▼2.8% | $2,482,836▲10.5% | $4,468,227▲39.7% | 990 |
| 2021 | $3,769,079▼6.7% | $3,172,994▼3.4% | $2,246,816▲29.2% | $3,199,571▼11.4% | 990 |
| 2020 | $4,040,858▲10.1% | $3,282,999▼19.9% | $1,739,329▲68.3% | $3,613,047▲28.4% | 990 |
| 2019 | $3,669,593▼10.9% | $4,100,501 | $1,033,394▼30.7% | $2,813,652▲3.3% | 990 |
| 2018 | $4,119,515▼4.4% | $4,102,171▼5.7% | $1,490,751▲2.6% | $2,724,707▼4.1% | 990 |
| 2017 | $4,310,423▼8.1% | $4,350,643▼6.0% | $1,452,711▲0.5% | $2,840,843▼5.7% | 990 |
| 2016 | $4,689,688▼3.8% | $4,628,209▼0.7% | $1,445,519▲8.1% | $3,011,698▲2.1% | 990 |
| 2015 | $4,876,770 | $4,662,388 | $1,337,141 | $2,949,165 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Bomi International 457 B Plan a legitimate nonprofit?
- Yes. Bomi International 457 B Plan is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7070298, based in Annapolis, Maryland. Donations are tax-deductible.
- What is Bomi International 457 B Plan's EIN?
- Bomi International 457 B Plan's Employer Identification Number (EIN) is 23-7070298.
- How much revenue does Bomi International 457 B Plan report?
- Bomi International 457 B Plan reported $3,634,376 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Bomi International 457 B Plan have?
- CharityIndex grades Bomi International 457 B Plan B, based on financial health (reserves and operating margin).
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Data for Bomi International 457 B Plan (EIN 23-7070298) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.