Bedford Community Foundation

Analysis

Bedford Community Foundation is a registered charity in United States, based in Lambertville, MI. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 March 2024, Bedford Community Foundation reported income of $99k and spending of $105k, spending 106% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $53k to $99k (+87%), an average of +17% a year. The sharpest change came in the year to March 2022, when income rose by 424%. Over the whole period it spent 121% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bedford Community Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within MI. Charities of a similar size with the same main cause include Stephenson Public Library Foundation Inc ($99k), Renaissance International Inc ($99k) and Foundation for Venous & Lymphatic Disease ($99k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 85% of the total. It paid $553 in professional fundraising fees. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.