Bethany House Services Inc

Analysis

Bethany House Services Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in July 1984, 42 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 House Services Inc reported income of $10.1m and spending of $9.1m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.4m to $10.1m (+37%), an average of +8.3% a year. The sharpest change came in the year to December 2020, when income rose by 89%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethany House Services Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Sequoia Mental Health Services Inc ($10.1m), Pikes Peak Real Estate Foundation Inc ($10.2m) and Oub Court Housing Company Inc ($10.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $269k (3.0% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $33.6m against liabilities of $13.2m, net assets of $20.4m. It reported 74 employees.