Fordham Bedford Community Services Inc

Analysis

Fordham Bedford Community Services Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in December 1995, 31 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 December 2023, Fordham Bedford Community Services Inc reported income of $7.8m and spending of $6.9m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $7.8m (+126%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 35%. 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, Fordham Bedford Community Services Inc 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 92nd percentile within NY. Charities of a similar size with the same main cause include Operation Relief Center Inc ($7.8m), Furniture Bank of Central Ohio ($7.8m) and Young Women Christian Association of Greater Atlanta ($7.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $232k (3.4% of expenses). Other salaries and wages came to $984k. At year end it held assets of $4.9m against liabilities of $2.3m, net assets of $2.6m. It reported 34 employees.