Bethlehem Redevelopment Assoc

Analysis

Bethlehem Redevelopment Assoc is a registered charity in United States, based in Bethlehem, NH. It received its IRS tax-exemption ruling in February 1983, 43 years ago. 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 September 2023, Bethlehem Redevelopment Assoc reported income of $516k and spending of $512k, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $507k to $516k (+1.8%), an average of +0.5% a year. The sharpest change came in the year to September 2020, when income dropped by 22%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethlehem Redevelopment Assoc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within NH. Charities of a similar size with the same main cause include Victory Oaks Inc ($516k), Retina Research & Development Foundation ($516k) and Hope Meadows Foundation ($516k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 31% of the total. Other salaries and wages came to $84k. At year end it held assets of $2.1m against liabilities of $49k, net assets of $2.0m. It reported 3 employees.