Bethany Community Services Inc

Analysis

Bethany Community Services Inc is a registered charity in United States, based in Haverhill, MA. It received its IRS tax-exemption ruling in April 1969, 57 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 Community Services Inc reported income of $6.5m and spending of $7.1m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $6.5m (+215%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 439%. Over the whole period it spent 61% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethany Community Services Inc 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 MA. Charities of a similar size with the same main cause include Colorado Village Collaborative ($6.5m), Residential Resources Inc ($6.5m) and Nikkei Senior Gardens ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $279k (3.9% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $58.3m against liabilities of $45.6m, net assets of $12.7m. It reported 88 employees.