North Carolina Black Bear Festival Inc

Analysis

North Carolina Black Bear Festival Inc is a registered charity in United States, based in Plymouth, NC. It received its IRS tax-exemption ruling in May 2019, 7 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, North Carolina Black Bear Festival Inc reported income of $185k and spending of $182k, spending 98% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $142k to $185k (+30%), an average of +30% a year. The sharpest change came in the year to September 2023, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, North Carolina Black Bear Festival Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Kick2build Organization ($185k), Norcal Aquatics Corporation ($185k) and United Soccer Foundation Inc ($185k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 74% and program service revenue 27% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.