The Bulb Gallery

Analysis

The Bulb Gallery is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, The Bulb Gallery reported income of $1.0m and spending of $970k, spending 93% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $188k to $1.0m (+456%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Bulb Gallery 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 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Positive Spin Inc ($1.0m), Child Development Center of Jackson County ($1.0m) and 111project Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $83k (8.6% of expenses). Other salaries and wages came to $125k. At year end it held assets of $174k against liabilities of $27k, net assets of $146k. It reported 11 employees.