NBC Bethel USA Housing Inc Thirty- Two Bethel Towers

Analysis

NBC Bethel USA Housing Inc Thirty- Two Bethel Towers is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in February 1999, 27 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, NBC Bethel USA Housing Inc Thirty- Two Bethel Towers reported income of $397k and spending of $542k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $398k to $397k (-0.2%), an average of +-0.0% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, NBC Bethel USA Housing Inc Thirty- Two Bethel Towers sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within LA. Charities of a similar size with the same main cause include Lulac Haven Incorporated ($397k), Lakeview Housing Authority Inc ($397k) and Final Salute Inc ($397k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $68k. At year end it held assets of $2.0m against liabilities of $3.6m, net assets of -$1.6m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.