South Bend Cubs Foundation Inc

Analysis

South Bend Cubs Foundation Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, South Bend Cubs Foundation Inc reported income of $207k and spending of $255k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $186k to $207k (+11%), an average of +11% a year. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, South Bend Cubs Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within IN. Charities of a similar size with the same main cause include Southern New Hampshire Skating Club Inc ($207k), Baker River Valley Snowmobile Club Inc ($208k) and Morrill County Rodeo Farm and Ranch Association Incorporated ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 86% of the total. At year end it held assets of $125k against liabilities of $0, net assets of $125k.