Bear Creek Development Center Inc

Analysis

Bear Creek Development Center Inc is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in January 2020, 6 years ago. 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, Bear Creek Development Center Inc reported income of $990k and spending of $865k, spending 87% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $2.9m to $990k (-66%), an average of -30% a year. The sharpest change came in the year to December 2021, when income dropped by 67%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bear Creek Development Center Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Lew Wentz Foundation ($990k), Hamden Assurance Risk Retention Group Inc ($990k) and Feed My Hungry Children Inc ($990k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Other salaries and wages came to $97k. At year end it held assets of $7.4m against liabilities of $4.5m, net assets of $3.0m. It reported 5 employees.