Bethesda Health Group Inc

Analysis

Bethesda Health Group Inc is a registered charity in United States, based in St Louis, MO. It received its IRS tax-exemption ruling in November 1934, 92 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bethesda Health Group Inc reported income of $6.3m and spending of $19.6m, spending 310% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $6.3m (+66%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 31%. Over the whole period it spent 375% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bethesda Health Group Inc 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 93rd percentile, and in the 92nd percentile within MO. Charities of a similar size with the same main cause include Wrap the World with Quilts ($6.3m), Journey Home Incorporated ($6.3m) and United Methodist Childrens Home of North Georgia Conference Inc ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $2.3m (12% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $16.4m against liabilities of $104.7m, net assets of -$88.3m. It reported 166 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.