Greater Bethel Community Development Corporation

Analysis

Greater Bethel Community Development Corporation is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Greater Bethel Community Development Corporation reported income of $218k and spending of $217k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $118k to $218k (+84%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Bethel Community Development Corporation sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Gramatan Village Inc ($218k), Find Inc ($218k) and Progressive Change Community Development Corp ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (14% of expenses). Other salaries and wages came to $10k. At year end it held assets of $1,000 against liabilities of $0, net assets of $1,000. It reported 1 employees.