Bethany Retirement Home Inc

Analysis

Bethany Retirement Home Inc is a registered charity in United States, based in Horseheads, NY. It received its IRS tax-exemption ruling in January 1971, 55 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bethany Retirement Home Inc reported income of $6.5m and spending of $6.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.1m to $6.5m (-7.8%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income dropped by 19%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bethany Retirement Home Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Western Association of Food Chains Inc ($6.5m), The Heart Matters Foster Family Agency ($6.5m) and Houston County Assn for Exceptional Citizens Inc ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 96% of the total. Other salaries and wages came to $3.2m. At year end it held assets of $10.0m against liabilities of $5.4m, net assets of $4.6m. It reported 135 employees.