Bethel Towers Inc

Analysis

Bethel Towers Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in December 2010, 16 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bethel Towers Inc reported income of $55k and spending of $79k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $312k to $55k (-82%), an average of -35% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 198% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethel Towers Inc sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within GA. Charities of a similar size with the same main cause include Tri County Regional Development Corporation ($55k), WRC Housing Inc ($55k) and Columbia Homes for Elderly Inc ($55k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 0.2% of the total. At year end it held assets of $501k against liabilities of $0, net assets of $501k.