Bethany Homes Inc

Analysis

Bethany Homes Inc is a registered charity in United States, based in Haverhill, MA. It received its IRS tax-exemption ruling in September 1976, 50 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, Bethany Homes Inc reported income of $1.1m and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $1.1m (-62%), an average of -22% a year. The sharpest change came in the year to December 2023, when income rose by 1347%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethany Homes Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Living Independence for Everyone Inc ($1.1m), Housing Enterprises of Anne Arundel County Inc ($1.1m) and Ahi Ezer Kings Highway Housing Development Fund Co Inc ($1.1m).

At year end it held assets of $5.1m against liabilities of $0, net assets of $5.1m.