Bedrock Credit America Inc

Analysis

Bedrock Credit America Inc is a registered charity in United States, based in Collinsville, CT. It received its IRS tax-exemption ruling in December 2022, 4 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 December 2023, Bedrock Credit America Inc reported income of $203k and spending of $210k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $203k (+116%), an average of +116% a year. The sharpest change came in the year to December 2023, when income rose by 116%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bedrock Credit America Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within CT. Charities of a similar size with the same main cause include Morro Bay Bird Festival ($203k), Chicago Latvian Child Care and Preschool ($203k) and Destination Canal Winchester ($203k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $144k. At year end it held assets of $2,948 against liabilities of $6,896, net assets of -$3,948. It reported 2 employees.