Grey Bears

Analysis

Grey Bears is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in May 1976, 50 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Grey Bears reported income of $8.2m and spending of $7.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.6m to $8.2m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grey Bears sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Sister Song Inc ($8.2m), Rhode Island Parent Information Network Inc ($8.2m) and District III Area Agency on Aging ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $185k (2.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $8.7m against liabilities of $591k, net assets of $8.1m. It reported 68 employees.