Bear Creek Development Corporation

Analysis

Bear Creek Development Corporation is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Development Corporation reported income of $128k and spending of $173k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $82k to $128k (+57%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bear Creek Development Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include White River Housing Association ($128k), Simcha Inc ($128k) and Providence Place Robbins ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $20k (12% of expenses). At year end it held assets of $784k against liabilities of $171k, net assets of $613k.