Sugar Bear Foundation

Analysis

Sugar Bear Foundation is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Sugar Bear Foundation reported income of $117k and spending of $133k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $104k to $117k (+13%), an average of +13% a year. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sugar Bear Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include Bless the Orphans Inc ($117k), United to Believe NFP ($117k) and Shannons Home ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $19k against liabilities of $8,056, net assets of $11k.