Friends of Polar Bears Inc

Analysis

Friends of Polar Bears Inc is a registered charity in United States, based in Old Forge, NY. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2024, Friends of Polar Bears Inc reported income of $62k and spending of $68k, spending 109% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $39k to $62k (+60%), an average of +26% a year. The sharpest change came in the year to June 2024, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Polar Bears Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Rocky Grove Athletic Booster Club Inc ($62k), Ypsilanti Otters Swim Club ($62k) and Steubenville Big Red Boosters Club ($62k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 37% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.