Bethany Home Inc

Analysis

Bethany Home Inc is a registered charity in United States, based in Waupaca, WI. It received its IRS tax-exemption ruling in November 1961, 65 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bethany Home Inc reported income of $13.0m and spending of $13.5m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $11.5m to $13.0m (+13%), an average of +3.1% a year. The sharpest change came in the year to September 2022, when income dropped by 19%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethany Home Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Technical Assistance Collaborative Inc ($12.9m), Hillcrest Childrens Center ($13.0m) and Community Health Action of Staten Island Inc ($12.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $373k (2.8% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $24.1m against liabilities of $23.9m, net assets of $145k. It reported 317 employees.