Bethesda Project

Analysis

Bethesda Project is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1982, 44 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 June 2023, Bethesda Project reported income of $6.6m and spending of $6.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $6.6m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 26%. 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, Bethesda Project sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Center Communities of Brookline Inc ($6.6m), Family Promise Inc ($6.6m) and Vintage Housing Inc ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 2.3% of the total. Other salaries and wages came to $4.1m. At year end it held assets of $6.7m against liabilities of $612k, net assets of $6.1m. It reported 157 employees.