Bare Inc NFP

Analysis

Bare Inc NFP is a registered charity in United States, based in Montgomery, IL. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Bare Inc NFP reported income of $104k and spending of $76k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $104k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 50% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bare Inc NFP sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within IL. Charities of a similar size with the same main cause include Pathway Counseling Services and Ministry Incorporated ($104k), Decatur County-St Jude Worlds Largest Coon Hunt Inc ($104k) and The American Society of Pediatric Nephrology Foundation ($104k).

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 $94k against liabilities of $0, net assets of $94k.