Bedford Foundation

Analysis

Bedford Foundation is a registered charity in United States, based in Bedford, IA. It received its IRS tax-exemption ruling in April 1991, 35 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, Bedford Foundation reported income of $53k and spending of $54k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $53k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bedford Foundation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within IA. Charities of a similar size with the same main cause include Meadville Area Recreation Foundation ($53k), Architects Society of Ohio Foundation Inc ($53k) and River City Chorale ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $339k against liabilities of $0, net assets of $339k.