Bethany Inc

Analysis

Bethany Inc is a registered charity in United States, based in Jackson, MI. It received its IRS tax-exemption ruling in July 2009, 17 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 August 2024, Bethany Inc reported income of $109k and spending of $70k, leaving 36% of income unspent that year. Across the 5 years on record, from August 2020 to August 2024, income fell from $771k to $109k (-86%), an average of -39% a year. The sharpest change came in the year to August 2024, when income dropped by 65%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethany Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within MI. Charities of a similar size with the same main cause include Riordan School Addition Housing Development Fund Company Inc ($109k), Pecan Village Inc ($109k) and Browning Development Inc ($109k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 81% and program service revenue 19% of the total. Other salaries and wages came to $9,422. At year end it held assets of $341k against liabilities of $0, net assets of $341k. It reported 6 employees.