Bethany Lutheran Homes Inc

Analysis

Bethany Lutheran Homes Inc is a registered charity in United States, based in LA Crosse, 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 December 2023, Bethany Lutheran Homes Inc reported income of $40.6m and spending of $35.9m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $26.9m to $40.6m (+51%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethany Lutheran Homes Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WI. Charities of a similar size with the same main cause include Acmh Inc ($40.6m), Medical Center Company ($40.6m) and Wvuhs Home Care LLC ($40.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $992k (2.8% of expenses). Other salaries and wages came to $16.7m. At year end it held assets of $106.2m against liabilities of $54.9m, net assets of $51.3m. It reported 845 employees.