Beth-El Center Inc

Analysis

Beth-El Center Inc is a registered charity in United States, based in Milford, CT. It received its IRS tax-exemption ruling in October 1986, 40 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Beth-El Center Inc reported income of $1.6m and spending of $1.8m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $889k to $1.6m (+80%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Beth-El Center Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include Revere Elderly Housing Inc ($1.6m), United Caring Shelters Inc ($1.6m) and Presentation Senior Community ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $103k (5.8% of expenses). Other salaries and wages came to $846k. At year end it held assets of $1.2m against liabilities of $206k, net assets of $986k. It reported 35 employees.