Central Arts of Bedford

Analysis

Central Arts of Bedford is a registered charity in United States, based in Bedford, TX. It received its IRS tax-exemption ruling in March 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Central Arts of Bedford reported income of $74k and spending of $51k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $82k to $74k (-11%), an average of -10% a year. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Central Arts of Bedford sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include Pennsylvania Veterans Museum ($74k), The Green Bay and Depere Antiquarian Society Inc ($74k) and Out of the Box Theatre Company Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.2% and program service revenue 63% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.