Bedford Historical Society

Analysis

Bedford Historical Society is a registered charity in United States, based in Bedford, NY. It received its IRS tax-exemption ruling in May 1949, 77 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Bedford Historical Society reported income of $612k and spending of $544k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $691k to $612k (-12%), an average of -3.0% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bedford Historical Society sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Ninth Street Media Consortium Inc ($612k), Minnesota Beethoven Festival ($612k) and South Chicago Dance Theatre ($611k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $111k (20% of expenses). Other salaries and wages came to $132k. At year end it held assets of $4.4m against liabilities of $53k, net assets of $4.4m. It reported 4 employees.