Bedford Museum and Genealogical Library

Analysis

Bedford Museum and Genealogical Library is a registered charity in United States, based in Bedford, VA. It received its IRS tax-exemption ruling in April 1984, 42 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 Museum and Genealogical Library reported income of $140k and spending of $147k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $121k to $140k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 90% 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 Museum and Genealogical Library sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include North Fork Valley Creative Coalition Inc ($140k), Hewnoaks Artist Colony ($140k) and Newtowne Players ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $24k (16% of expenses). Other salaries and wages came to $52k. At year end it held assets of $760k against liabilities of $2,927, net assets of $757k. It reported 8 employees.