Jackson Bear Hugs Inc

Analysis

Jackson Bear Hugs Inc is a registered charity in United States, based in Massillon, OH. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Jackson Bear Hugs Inc reported income of $225k and spending of $210k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $225k (+64%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 94% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Jackson Bear Hugs Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within OH. Charities of a similar size with the same main cause include Sag Harbor Volunteer Ambulance Corps ($225k), Villas Volunteer Fire Company Inc ($226k) and Pelham Volunteer Fire Department of Caswell County NC ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.