Higgy Bears

Analysis

Higgy Bears is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Higgy Bears reported income of $144k and spending of $152k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $144k (+131%), an average of +131% a year. The sharpest change came in the year to December 2023, when income rose by 131%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Higgy Bears sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within MI. Charities of a similar size with the same main cause include Cowboys for Cancer Research Inc ($144k), Bright Faces Inc ($144k) and Contact Altoona ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $59k (39% of expenses). Other salaries and wages came to $15k. At year end it held assets of $291 against liabilities of $16k, net assets of -$16k. It reported 6 employees.