My Kota Bear Inc

Analysis

My Kota Bear Inc is a registered charity in United States, based in Warren, NJ. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, My Kota Bear Inc reported income of $56k and spending of $40k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $23k to $56k (+146%), an average of +146% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, My Kota Bear Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 29th percentile within NJ. Charities of a similar size with the same main cause include Haven Eileen Kiley Foundation Inc ($56k), Talk the New Sex Ed ($56k) and Noahs Hope Hope 4 Bridget Foundation ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $2,939 against liabilities of $29k, net assets of -$26k.