Bethlehem Economic Development Corp

Analysis

Bethlehem Economic Development Corp is a registered charity in United States, based in Bethlehem, PA. It received its IRS tax-exemption ruling in February 1985, 41 years ago. 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, Bethlehem Economic Development Corp reported income of $702k and spending of $745k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $845k to $702k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2021, when income dropped by 16%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethlehem Economic Development Corp sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Brea Aquatic Association Inc ($702k), PTA Texas Congress ($702k) and Ecochallenge Corporation ($702k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $2.0m against liabilities of $1.1m, net assets of $948k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.