Golden Bear Foundation

Analysis

Golden Bear Foundation is a registered charity in United States, based in Eveleth, MN. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Golden Bear Foundation reported income of $208k and spending of $193k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $278k to $208k (-25%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Golden Bear Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Municipal Forum Youth Education Fund ($208k), Krimson Community Foundation ($209k) and Lynbrook Excellence in Education Foundation ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.