Bethany Cares Incorporated

Analysis

Bethany Cares Incorporated is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Bethany Cares Incorporated reported income of $81k and spending of $92k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $129k to $81k (-37%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bethany Cares Incorporated sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 39th percentile within NJ. Charities of a similar size with the same main cause include Redemptive Faith Inc ($81k), International Cotton Research Association ($81k) and Wayne County Farmers Market Inc ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $42k. At year end it held assets of $33k against liabilities of $6,132, net assets of $27k. It reported 7 employees.