Bull City Woodshop

Analysis

Bull City Woodshop is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2024, Bull City Woodshop reported income of $142k and spending of $123k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $67k to $142k (+111%), an average of +111% a year. The sharpest change came in the year to June 2024, when income rose by 111%. Over the whole period it spent 73% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Bull City Woodshop 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 Nevada Casa Association Inc ($142k), Western Pennsylvania Police Athletic League Inc ($142k) and Boys & Girls Club of Jacksonville ($142k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 34% of the total. At year end it held assets of $50k against liabilities of $3,176, net assets of $47k.