Bear Project Inc

Analysis

Bear Project Inc is a registered charity in United States, based in Pine Ridge, SD. It received its IRS tax-exemption ruling in April 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Bear Project Inc reported income of $212k and spending of $149k, leaving 30% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $187k to $212k (+13%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bear Project Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within SD. Charities of a similar size with the same main cause include West Line Corridor Collaborative ($212k), Biomedical Research and Innovation Park ($212k) and Community Synergy Inc ($212k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $225k against liabilities of $0, net assets of $225k.