Bethany Home of Rhode Island

Analysis

Bethany Home of Rhode Island is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in November 1943, 83 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Home of Rhode Island reported income of $5.1m and spending of $5.8m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $5.1m (+7.8%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bethany Home of Rhode Island sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within RI. Charities of a similar size with the same main cause include Unite for Her ($5.1m), Blue Ridge Healthcare Systems Inc ($5.1m) and National Society to Prevent Blindness ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $160k (2.8% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $10.4m against liabilities of $605k, net assets of $9.8m. It reported 86 employees.