Old Bedford Village Inc

Analysis

Old Bedford Village Inc is a registered charity in United States, based in Bedford, PA. It received its IRS tax-exemption ruling in May 1978, 48 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, Old Bedford Village Inc reported income of $273k and spending of $284k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $318k to $273k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Bedford Village Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include Northeast-Millerton Library ($273k), Northland Lutheran Home Health Services Inc ($273k) and The Arlington Institute ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $51k (18% of expenses). Other salaries and wages came to $46k. At year end it held assets of $3.0m against liabilities of $7,040, net assets of $3.0m. It reported 11 employees.