Beth-Anne Residences

Analysis

Beth-Anne Residences is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1995, 31 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 June 2022, Beth-Anne Residences reported income of $1.6m and spending of $1.9m, spending 116% of what it took in. Across the 3 years on record, from June 2019 to June 2022, income grew from $1.4m to $1.6m (+15%), an average of +7.4% a year. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Beth-Anne Residences sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Phoenix Transitional Housing Plus ($1.6m), Sebastopol Area Housing Corporation ($1.6m) and Farmingdale Housing Development Fund Company Inc ($1.6m).

On its Form 990 for the period ending June 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $451k. At year end it held assets of $6.0m against liabilities of $10.6m, net assets of -$4.6m.

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.