Bedford Historical Society Inc

Analysis

Bedford Historical Society Inc is a registered charity in United States, based in Bedford, MA. It received its IRS tax-exemption ruling in February 1976, 50 years ago. 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 Historical Society Inc reported income of $56k and spending of $98k, spending 175% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $112k to $56k (-50%), an average of -16% a year. The sharpest change came in the year to December 2020, when income rose by 212%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bedford Historical Society Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include Virginia Art Education Association ($56k), PTA Alabama Congress ($56k) and Presque Isle Historical & Genealogical Society ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Other salaries and wages came to $39k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 1 employees.