Bethany Homes Inc

Analysis

Bethany Homes Inc is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in September 1987, 39 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bethany Homes Inc reported income of $231k and spending of $142k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $267k to $231k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2020, when income rose by 85%. Over the whole period it spent 40% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bethany Homes Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 50th percentile within ND. Charities of a similar size with the same main cause include Arlington Apartments Housing Development Fund Corporation ($231k), Ryder Assisted Care III Inc ($231k) and Vision Hope Community Development Corporation Inc ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $76k. At year end it held assets of $7.8m against liabilities of $99k, net assets of $7.7m.