Bethany Housing Corp

Analysis

Bethany Housing Corp is a registered charity in United States, based in Tolland, CT. It received its IRS tax-exemption ruling in January 1985, 41 years ago. 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 Housing Corp reported income of $347k and spending of $335k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $301k to $347k (+15%), an average of +3.6% a year. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethany Housing Corp sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CT. Charities of a similar size with the same main cause include Ogden Community Action Housing Corporation ($347k), Curanopy Inc ($347k) and Milford Museum and Landmarks Commission Inc ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.4% and program service revenue 91% of the total. At year end it held assets of $694k against liabilities of $1.8m, net assets of -$1.1m.