Bow Collective

Analysis

Bow Collective is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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, Bow Collective reported income of $1.2m and spending of $721k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $126k to $1.2m (+887%), an average of +887% a year. The sharpest change came in the year to December 2023, when income rose by 887%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bow Collective sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 59th percentile within DC. Charities of a similar size with the same main cause include Wolf Point Clinic Association Inc ($1.2m), The Childrens Center at Farmingdale State University of New York ($1.2m) and Merging Vets and Players Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $20k. At year end it held assets of $529k against liabilities of $0, net assets of $529k.