Fred Bear Day Inc

Analysis

Fred Bear Day Inc is a registered charity in United States, based in Roscommon, MI. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Fred Bear Day Inc reported income of $96k and spending of $11k, leaving 89% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $2,630 to $96k (+3543%), an average of +504% a year. The sharpest change came in the year to December 2022, when income rose by 736%. Over the whole period it spent 17% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fred Bear Day Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within MI. Charities of a similar size with the same main cause include Heritage Valley Blazers Inc ($96k), Indiana Association USA Track and Field Inc ($96k) and Stillwater MX Inc ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.