Historic Bethlehem Partnership Incorporated

Analysis

Historic Bethlehem Partnership Incorporated is a registered charity in United States, based in Bethlehem, PA. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 February 2023, Historic Bethlehem Partnership Incorporated reported income of $1.8m and spending of $1.6m, spending 92% of its income. Across the 5 years on record, from February 2019 to February 2023, income grew from $1.3m to $1.8m (+43%), an average of +9.3% a year. The sharpest change came in the year to February 2022, when income rose by 68%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Bethlehem Partnership Incorporated sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Arts Schools Network ($1.8m), Bemis Center for Contemporary Arts ($1.8m) and Quintessence Theatre Company ($1.8m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 61% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $123k (7.5% of expenses). Other salaries and wages came to $725k. At year end it held assets of $13.7m against liabilities of $402k, net assets of $13.3m. It reported 59 employees.