Bedford North Lawrence Scholarship Foundation Inc

Analysis

Bedford North Lawrence Scholarship Foundation Inc is a registered charity in United States, based in Bedford, IN. It received its IRS tax-exemption ruling in December 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Bedford North Lawrence Scholarship Foundation Inc reported income of $496k and spending of $528k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $272k to $496k (+83%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 43%. Over the whole period it spent 145% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bedford North Lawrence Scholarship Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IN. Charities of a similar size with the same main cause include Horace Greeley Scholarship Fund Inc ($496k), Springfield Christian School ($496k) and Sonshine All-Star Booster Club ($496k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% of the total. At year end it held assets of $13.6m against liabilities of $0, net assets of $13.6m.

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.