Bare Necessities Inc

Analysis

Bare Necessities Inc is a registered charity in United States, based in Clinton, CT. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bare Necessities Inc reported income of $115k and spending of $104k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $98k to $115k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bare Necessities Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within CT. Charities of a similar size with the same main cause include Ya-Ka-Ama Indian Education & Development ($115k), Wings Over Haiti Inc ($115k) and Project Green Pastures Inc ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $129k against liabilities of $0, net assets of $129k.