Bethlehem Homes Inc

Analysis

Bethlehem Homes Inc is a registered charity in United States, based in Bethlehem, CT. It received its IRS tax-exemption ruling in September 1977, 49 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bethlehem Homes Inc reported income of $429k and spending of $458k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $388k to $429k (+11%), an average of +2.6% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethlehem Homes Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CT. Charities of a similar size with the same main cause include St Johns Commons Inc ($429k), Springfield Gardens Inc ($429k) and Ahepa 310-Ix Inc ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.7% and program service revenue 90% of the total. Other salaries and wages came to $60k. At year end it held assets of $523k against liabilities of $102k, net assets of $421k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.