Bristol Works Inc

Analysis

Bristol Works Inc is a registered charity in United States, based in Bristol, CT. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Bristol Works Inc reported income of $1.0m and spending of $722k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $631k to $1.0m (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 46% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bristol Works Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CT. Charities of a similar size with the same main cause include Long Island City Business Improvement District Inc ($1.0m), Scotland Development Corporation ($1.0m) and Division-Midway Alliance for Community Improvement ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Other salaries and wages came to $186k. At year end it held assets of $996k against liabilities of $6,248, net assets of $990k. It reported 5 employees.