Good Bears of the World

Analysis

Good Bears of the World is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in August 1978, 48 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 2021, Good Bears of the World reported income of $113k and spending of $51k, leaving 55% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income fell from $239k to $113k (-53%), an average of -31% a year. The sharpest change came in the year to December 2020, when income dropped by 59%. Over the whole period it spent 36% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Good Bears of the World sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within OH. Charities of a similar size with the same main cause include Heroes for Hope ($113k), Parkview Housing Corporation NFP ($113k) and South Shore Action for Hope Inc ($113k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 24% of the total. At year end it held assets of $471k against liabilities of $0, net assets of $471k.