Junkyard Social Club

Analysis

Junkyard Social Club is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in August 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Junkyard Social Club reported income of $481k and spending of $533k, spending 111% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $39k to $481k (+1127%), an average of +131% a year. The sharpest change came in the year to December 2021, when income rose by 763%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Junkyard Social Club sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within CO. Charities of a similar size with the same main cause include Association of Dominican Classical Artists Inc ($481k), Dial Magazine Inc ($481k) and Global Writes Inc ($481k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $33k (6.1% of expenses). Other salaries and wages came to $236k. At year end it held assets of $160k against liabilities of $90k, net assets of $70k. It reported 26 employees.