Bedford Joint Municipal Authority

Analysis

Bedford Joint Municipal Authority is a registered charity in United States, based in Bedford, PA. It received its IRS tax-exemption ruling in October 2015, 11 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 (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 Joint Municipal Authority reported income of $608k and spending of $1.2m, spending 199% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.9m to $608k (-67%), an average of -67% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bedford Joint Municipal Authority sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Foundry Community Foundation ($608k), City Help Inc ($608k) and Entrepreneur Works Fund ($608k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.