Bulk Space

Analysis

Bulk Space is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in July 2022, 4 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 December 2023, Bulk Space reported income of $761k and spending of $137k, leaving 82% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $153k to $761k (+398%), an average of +398% a year. The sharpest change came in the year to December 2023, when income rose by 398%. Over the whole period it spent 15% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bulk Space sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include American Festival for the Arts ($761k), McPherson Opera House Company ($761k) and Access Afterschool ($761k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $777k against liabilities of $0, net assets of $777k.