Senior Living of Bedford

Analysis

Senior Living of Bedford is a registered charity in United States, based in Bedford, NH. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 April 2024, Senior Living of Bedford reported income of $11.8m and spending of $11.9m, spending 101% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $237k to $11.8m (+4858%), an average of +165% a year. The sharpest change came in the year to April 2022, when income rose by 7124%. Over the whole period it spent 130% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Senior Living of Bedford sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within NH. Charities of a similar size with the same main cause include Chinatown Media and Arts Collaborative ($11.8m), The Capstone Group Inc ($11.8m) and Western Idaho Community Action Partnership Inc ($11.7m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $138k (1.2% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $38.5m against liabilities of $45.9m, net assets of -$7.4m. It reported 148 employees.

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.