Bethany Lutheran Foundation Inc

Analysis

Bethany Lutheran Foundation Inc is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Bethany Lutheran Foundation Inc reported income of $95k and spending of $132k, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $90k to $95k (+5.3%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 160%. Over the whole period it spent 64% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethany Lutheran Foundation Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 30th percentile within SD. Charities of a similar size with the same main cause include Southwest Florida Gwi Housing XI Inc ($95k), Chataignier Affordable Housing Inc ($95k) and Everett House of Charlotte Inc ($95k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $646k against liabilities of $8,084, net assets of $638k.