Bethesda

Analysis

Bethesda is a registered charity in United States, based in Willmar, MN. It received its IRS tax-exemption ruling in June 1984, 42 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, Bethesda reported income of $40.9m and spending of $30.8m, leaving 25% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $27.8m to $40.9m (+47%), an average of +10% a year. The sharpest change came in the year to September 2023, when income rose by 32%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bethesda sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Vna Home & Hospice ($40.9m), The Mark Foundation for Cancer Research US Ltd ($40.9m) and Portneuf Health Trust ($40.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $722k (2.3% of expenses). Other salaries and wages came to $16.2m. At year end it held assets of $85.8m against liabilities of $43.2m, net assets of $42.7m. It reported 761 employees.