Bulls Gap Railroad Museum Association

Analysis

Bulls Gap Railroad Museum Association is a registered charity in United States, based in Bulls Gap, TN. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Bulls Gap Railroad Museum Association reported income of $67k and spending of $70k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $67k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bulls Gap Railroad Museum Association sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within TN. Charities of a similar size with the same main cause include Kings County Management & Development Corporation ($67k), Tanglewood Apartments Inc ($67k) and Walnut Affordable Housing Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $239k against liabilities of $2,050, net assets of $237k.