Bethel New Life Inc

Analysis

Bethel New Life Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2024, 2 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 June 2021, Bethel New Life Inc reported income of $588k and spending of $795k, spending 135% of what it took in. Across the 3 years on record, from June 2019 to June 2021, income fell from $2.6m to $588k (-78%), an average of -53% a year. The sharpest change came in the year to June 2021, when income dropped by 54%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bethel New Life Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Echo Park Silverlake Peoples Child Care Center ($588k), Asian Womens Christian Association Inc ($588k) and Abc & Me ($587k).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 43% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $140k (18% of expenses). Other salaries and wages came to $13k. At year end it held assets of $2.7m against liabilities of $99k, net assets of $2.6m. It reported 6 employees.