Bump Inc

Analysis

Bump Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bump Inc reported income of $144k and spending of $111k, leaving 23% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $62k to $144k (+133%), an average of +133% a year. The sharpest change came in the year to June 2023, when income rose by 133%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bump Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Main Street Arts Council ($144k), Americans Who Tell the Truth ($144k) and Surels Place Inc ($144k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 11% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.