Bethel Lutheran Home

Analysis

Bethel Lutheran Home is a registered charity in United States, based in Madison, SD. It received its IRS tax-exemption ruling in November 1961, 65 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Bethel Lutheran Home reported income of $6.4m and spending of $7.1m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $6.4m (+8.8%), an average of +2.1% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bethel Lutheran Home 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 93rd percentile within SD. Charities of a similar size with the same main cause include Jefferson County Community Action Council Inc ($6.4m), Springboard Center ($6.4m) and Community Action for Human Services Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $94k (1.3% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $7.3m against liabilities of $3.9m, net assets of $3.4m. It reported 141 employees.