Bethesda Corp

Analysis

Bethesda Corp is a registered charity in United States, based in Terre Haute, IN. It received its IRS tax-exemption ruling in March 1977, 49 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, Bethesda Corp reported income of $1.1m and spending of $1.0m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $921k to $1.1m (+21%), an average of +4.9% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethesda Corp sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Pacific Beach RHF Housing Inc ($1.1m), Maple Grove Elderly Housing Corporation ($1.1m) and Wyandotte Csi Non-Profit Housing Corporation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. At year end it held assets of $2.9m against liabilities of $3.0m, net assets of -$63k.