Bedford Va Research Corporation

Analysis

Bedford Va Research Corporation is a registered charity in United States, based in Bedford, MA. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover medical research, 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 June 2023, Bedford Va Research Corporation reported income of $893k and spending of $931k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $664k to $893k (+34%), an average of +7.7% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bedford Va Research Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Little Sisters of the Poor in Richmond ($893k), Lower Kiski Ambulance Service Inc ($893k) and Compatior Inc ($892k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 96% of the total. Other salaries and wages came to $356k. At year end it held assets of $1.0m against liabilities of $546k, net assets of $504k. It reported 17 employees.