Bethany Lutheran Home

Analysis

Bethany Lutheran Home is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in November 1952, 74 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 June 2023, Bethany Lutheran Home reported income of $20.2m and spending of $18.3m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.6m to $20.2m (+48%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bethany Lutheran Home sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within SD. Charities of a similar size with the same main cause include Regional Center for Border Health Inc ($20.2m), Daniel Memorial Inc ($20.2m) and Santafe Healthcare Inc ($20.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $349k (1.9% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $30.3m against liabilities of $24.7m, net assets of $5.6m. It reported 425 employees.