Bethany on 42nd

Analysis

Bethany on 42nd is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in April 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bethany on 42nd reported income of $21.0m and spending of $20.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.2m to $21.0m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethany on 42nd sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within ND. Charities of a similar size with the same main cause include Wesleyan Senior Care Inc ($21.0m), Energy Coordinating Agency of Philadelphia Inc ($21.1m) and Orchard Park CCRC Inc ($20.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Other salaries and wages came to $10.5m. At year end it held assets of $44.4m against liabilities of $30.8m, net assets of $13.5m.