Bethesda Foundation of Willmar

Analysis

Bethesda Foundation of Willmar is a registered charity in United States, based in Willmar, MN. It received its IRS tax-exemption ruling in June 1983, 43 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bethesda Foundation of Willmar reported income of $277k and spending of $1.0m, spending 375% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $118k to $277k (+134%), an average of +24% a year. The sharpest change came in the year to September 2020, when income rose by 147%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethesda Foundation of Willmar sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Tongore Pines Housing Development Fund Company Inc ($277k), Patrick Manor Inc ($277k) and Greencastle of Allerton Inc ($277k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 76% of the total. Other salaries and wages came to $48k. It paid $19k in professional fundraising fees. At year end it held assets of $1.6m against liabilities of $17k, net assets of $1.6m.