Bedford Veterans Quarters Inc

Analysis

Bedford Veterans Quarters Inc is a registered charity in United States, based in Braintree, MA. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Veterans Quarters Inc reported income of $646k and spending of $920k, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $636k to $646k (+1.6%), an average of +0.4% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 139% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bedford Veterans Quarters Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Team Activities for Special Kids Inc ($645k), The Inclusive Communities Project ($646k) and Valley Care Foundation ($645k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.4m against liabilities of $3.9m, net assets of -$1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.