New Bethany Inc

Analysis

New Bethany Inc is a registered charity in United States, based in Bethlehem, PA. It received its IRS tax-exemption ruling in January 1986, 40 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, New Bethany Inc reported income of $3.3m and spending of $4.0m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.3m (+68%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 58%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Bethany Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include YMCA of Ottawa Illinois ($3.3m), Rising Treetops at Oakhurst Inc ($3.3m) and Red Bird Mission Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $144k (3.6% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $5.0m against liabilities of $409k, net assets of $4.6m. It reported 54 employees.