Norwegian Lutheran Bethesda Home Association

Analysis

Norwegian Lutheran Bethesda Home Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Norwegian Lutheran Bethesda Home Association reported income of $3.5m and spending of $8.1m, spending 230% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.3m to $3.5m (-69%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 70%. Over the whole period it spent 118% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Norwegian Lutheran Bethesda Home Association sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Shalom Center of Interfaith Network of Kenosha County Inc ($3.5m), Equity and Transformation ($3.5m) and United Community Centers Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% and program service revenue 151% of the total. Other salaries and wages came to $4.2m. At year end it held assets of $2.7m against liabilities of $807k, net assets of $1.9m. It reported 144 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.