Swiss Bear Inc

Analysis

Swiss Bear Inc is a registered charity in United States, based in New Bern, NC. It received its IRS tax-exemption ruling in March 1980, 46 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Swiss Bear Inc reported income of $387k and spending of $433k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $368k to $387k (+5.2%), an average of +1.3% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Swiss Bear Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Vietnamese Initiatives in Economic Training ($387k), Sleepy Hollow Charitable Foundation ($387k) and Land in Common Inc ($387k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Other salaries and wages came to $116k. At year end it held assets of $322k against liabilities of $38k, net assets of $285k. It reported 2 employees.