Bedford County Federated Library System Inc

Analysis

Bedford County Federated Library System Inc is a registered charity in United States, based in Bedford, PA. It received its IRS tax-exemption ruling in June 1983, 43 years ago. 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, Bedford County Federated Library System Inc reported income of $370k and spending of $375k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $332k to $370k (+12%), an average of +2.8% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bedford County Federated Library System Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include Volunteer Ambulance Corps of Livingston Manor Inc ($370k), Community Transportation Agency Inc ($370k) and Century Promise ($370k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $22k (5.8% of expenses). At year end it held assets of $37k against liabilities of $0, net assets of $37k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.