Three Bears Gift Shop

Analysis

Three Bears Gift Shop is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in February 1977, 49 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 April 2023, Three Bears Gift Shop reported income of $993k and spending of $1.1m, spending 109% of what it took in. Across the 4 years on record, from April 2020 to April 2023, income grew from $919k to $993k (+8.1%), an average of +2.6% a year. The sharpest change came in the year to April 2023, when income rose by 47%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Three Bears Gift Shop sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Colonnade Club of the University of Virginia ($993k), Gulf Coast Leadership Council Inc ($994k) and Landmarks Preservation Council ($993k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 34% of the total. Other salaries and wages came to $164k. At year end it held assets of $979k against liabilities of $12k, net assets of $967k. It reported 9 employees.