Bethlehem Ltd

Analysis

Bethlehem Ltd is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2022, 4 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, Bethlehem Ltd reported income of $1.3m and spending of $977k, leaving 25% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $976k to $1.3m (+33%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethlehem Ltd sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Riverview Manor Inc ($1.3m), Onondaga County Housing Development Fund Company ($1.3m) and City of Sumter Housing & Economic Developement Corporation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 85% of the total. Other salaries and wages came to $159k. At year end it held assets of $2.1m against liabilities of $3.7m, net assets of -$1.6m.