Bedford Community Health Foundation Inc

Analysis

Bedford Community Health Foundation Inc is a registered charity in United States, based in Bedford, VA. It received its IRS tax-exemption ruling in March 1981, 45 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 December 2023, Bedford Community Health Foundation Inc reported income of $483k and spending of $638k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $458k to $483k (+5.4%), an average of +1.3% a year. The sharpest change came in the year to December 2020, when income rose by 178%. Over the whole period it spent 68% 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 Health Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Presidents Athletic Conference ($482k), Baldwin Family Village Foundation ($483k) and Learning Funhouse Inc ($482k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. Compensation of current officers, directors and key employees was $87k (14% of expenses). Other salaries and wages came to $37k. At year end it held assets of $6.1m against liabilities of $3,038, net assets of $6.1m. It reported 2 employees.