Bethesda of Beresford

Analysis

Bethesda of Beresford is a registered charity in United States, based in Beresford, SD. 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, Bethesda of Beresford reported income of $3.7m and spending of $3.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $3.7m (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2021, when income dropped by 25%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethesda of Beresford sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within SD. Charities of a similar size with the same main cause include Dunn Emergency Services Inc ($3.7m), International Computer Science Institute ($3.7m) and Early Education Program Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $66k (1.8% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.6m against liabilities of $213k, net assets of $3.4m. It reported 96 employees.