Bethany Home Foundation Inc

Analysis

Bethany Home Foundation Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in October 1985, 41 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 Home Foundation Inc reported income of $812k and spending of $772k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $569k to $812k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bethany Home Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within RI. Charities of a similar size with the same main cause include Peaceful Beginnings Christian Childcare Center Inc ($811k), Urban League of Northwest Indiana Inc ($812k) and Jackson-Feild Homes Foundation ($811k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $18k (2.3% of expenses). Other salaries and wages came to $177k. At year end it held assets of $302k against liabilities of $66k, net assets of $236k.