Friends of the Three Bears Inc

Analysis

Friends of the Three Bears Inc is a registered charity in United States, based in Ovid, NY. It received its IRS tax-exemption ruling in December 2004, 22 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, Friends of the Three Bears Inc reported income of $88k and spending of $37k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $89k to $88k (-1.4%), an average of -1.4% a year. Over the whole period it spent 39% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Three Bears Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Chambersburg Community Theatre ($88k), East Fishkill Historical Society ($88k) and The Foundation of the Alliance for Community Media ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $157k against liabilities of $42, net assets of $157k.