Bedford Heritage Trust

Analysis

Bedford Heritage Trust is a registered charity in United States, based in Bedford, PA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Heritage Trust reported income of $69k and spending of $77k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $69k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bedford Heritage Trust sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within PA. Charities of a similar size with the same main cause include Wasatch County Arts Council ($68k), Astor Street Opry Company ($69k) and Hastings Art Council ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. At year end it held assets of $96k against liabilities of $64k, net assets of $32k.