Bethesda Home

Analysis

Bethesda Home is a registered charity in United States, based in Webster, SD. It received its IRS tax-exemption ruling in April 1987, 39 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 Home reported income of $4.9m and spending of $4.5m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $4.9m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethesda 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 92nd percentile, and in the 92nd percentile within SD. Charities of a similar size with the same main cause include Construction Education Foundation of Georgia Inc ($4.9m), Ronald McDonald House Charities of the Triangle ($4.9m) and Helping Hand Association Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $5.5m against liabilities of $244k, net assets of $5.3m. It reported 94 employees.