North American Bear Center

Analysis

North American Bear Center is a registered charity in United States, based in Ely, MN. It received its IRS tax-exemption ruling in October 1996, 30 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, North American Bear Center reported income of $714k and spending of $734k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $844k to $714k (-15%), an average of -5.4% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North American Bear Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Twin City Model Railroad Club Inc ($713k), Connecticut Invention Convention Inc ($714k) and Our Town Foundation ($713k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $48k (6.5% of expenses). Other salaries and wages came to $285k. At year end it held assets of $4.4m against liabilities of $11k, net assets of $4.4m. It reported 26 employees.