Bethany Development Corporation

Analysis

Bethany Development Corporation is a registered charity in United States, based in Mechanicsburg, PA. It received its IRS tax-exemption ruling in September 2009, 17 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, Bethany Development Corporation reported income of $1.5m and spending of $1.4m, spending 95% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.3m to $1.5m (+12%), an average of +2.3% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethany Development Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Southern Maine Affordable Housing ($1.5m), Central Columbia Senior Living ($1.5m) and Lihi Cascade Senior Housingdevelopment ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 48% of the total. At year end it held assets of $3.3m against liabilities of $956k, net assets of $2.4m. It reported 10 employees.