Bethel Methodist Home

Analysis

Bethel Methodist Home is a registered charity in United States, based in Croton HDSN, NY. It received its IRS tax-exemption ruling in August 1957, 69 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, Bethel Methodist Home reported income of $19.5m and spending of $21.5m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.5m to $19.5m (+18%), an average of +4.3% a year. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bethel Methodist Home sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include First Nations Community Health Source Inc ($19.5m), The Heart Group of Lancaster General Health ($19.5m) and Westside Community Mental Health Center ($19.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.5m (7.0% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $63.8m against liabilities of $69.3m, net assets of -$5.5m. It reported 105 employees.

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.