Phillips Love Bears Inc

Analysis

Phillips Love Bears Inc is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Phillips Love Bears Inc reported income of $115k and spending of $116k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $273k to $115k (-58%), an average of -25% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 42% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Phillips Love Bears Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include SMC Bookshop Inc ($115k), Congregation Chomat Jerusalem Inc ($115k) and Beit Malkiel ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $50k. At year end it held assets of $678k against liabilities of $0, net assets of $678k. It reported 1 employees.