Bear Home Foundation Inc

Analysis

Bear Home Foundation Inc is a registered charity in United States, based in Bonita SPGS, FL. It received its IRS tax-exemption ruling in June 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Bear Home Foundation Inc reported income of $56k and spending of $13k, leaving 77% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $25k to $56k (+122%), an average of +122% a year. The sharpest change came in the year to December 2022, when income rose by 122%. Over the whole period it spent 18% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bear Home Foundation Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include Columbia Chamber Foundation ($56k), Belle Vernon Library Association ($56k) and Living Faith - Lee Singers Inc ($56k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 77% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.