Bedford County Development Association

Analysis

Bedford County Development Association is a registered charity in United States, based in Bedford, PA. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Development Association reported income of $4.2m and spending of $636k, leaving 85% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $471k to $4.2m (+785%), an average of +72% a year. The sharpest change came in the year to December 2022, when income dropped by 238%. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bedford County Development Association sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Monument Impact ($4.2m), The Womens Foundation for the State of Arizona ($4.2m) and New Mexico Community Capital ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. Compensation of current officers, directors and key employees was $156k (25% of expenses). Other salaries and wages came to $156k. At year end it held assets of $11.4m against liabilities of $1.1m, net assets of $10.4m.