Bear Reading Center Inc

Analysis

Bear Reading Center Inc is a registered charity in United States, based in Mishawaka, IN. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Bear Reading Center Inc reported income of $239k and spending of $249k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $484k to $239k (-51%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bear Reading Center Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within IN. Charities of a similar size with the same main cause include Unscripted Learning ($239k), New River Gorge Learning Co-Op Inc ($239k) and Williams-Franklin Foundation ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. At year end it held assets of $367k against liabilities of $0, net assets of $367k.