Bethany Presbyterian Manor

Analysis

Bethany Presbyterian Manor is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in November 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 2023, Bethany Presbyterian Manor reported income of $571k and spending of $683k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $587k to $571k (-2.8%), an average of -0.7% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethany Presbyterian Manor sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Three Rivers Cde Inc ($571k), Columbus Community Housing Development Organization Inc ($571k) and Benjamins House ($570k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $61k (8.9% of expenses). Other salaries and wages came to $69k. At year end it held assets of $1.7m against liabilities of $3.6m, net assets of -$1.9m. It reported 5 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.