Bethany Health Care Center Inc

Analysis

Bethany Health Care Center Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in March 1946, 80 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 December 2023, Bethany Health Care Center Inc reported income of $18.5m and spending of $18.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.1m to $18.5m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethany Health Care Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Saluda County Nursing Home Board Saluda Nursing Center ($18.4m), Nashville Christian Schools Inc ($18.5m) and Amos House ($18.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $297k (1.6% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $8.9m against liabilities of $6.4m, net assets of $2.5m. It reported 212 employees.