Bedford Park Multi-Service Center for Seniors Citizens Inc

Analysis

Bedford Park Multi-Service Center for Seniors Citizens Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 1975, 51 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, Bedford Park Multi-Service Center for Seniors Citizens Inc reported income of $724k and spending of $747k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $618k to $724k (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bedford Park Multi-Service Center for Seniors Citizens Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Sycamore Place II Senior Housing Corporation ($724k), State of Wyoming Citizen Review Panel ($724k) and Holmes Council on Aging Inc ($724k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $79k (11% of expenses). Other salaries and wages came to $244k. At year end it held assets of $681k against liabilities of $519k, net assets of $161k. It reported 7 employees.