Bear Creek Services Inc

Analysis

Bear Creek Services Inc is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in May 1999, 27 years ago. 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, Bear Creek Services Inc reported income of $6.2m and spending of $7.2m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.0m to $6.2m (+2.6%), an average of +0.6% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bear Creek Services Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Minnesota State University Moorhead Foundation Inc ($6.2m), Uchealth Northern Colorado Foundation ($6.2m) and City Colleges of Chicago Foundation ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.7% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $107k (1.5% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $4.4m against liabilities of $1.1m, net assets of $3.3m. It reported 166 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.